Friday, January 4, 2013

Buffet Utility Company buys solar energy company

Ateneo Innovation and Entrepreneurship "New ideas create more and better new products and services; create more wealth."

From Bloomberg news

Warren Buffet's Midamerican  Energy Holdings acquired 579 megawatt solar projects from Sun Power Corp for $2.5 billion and three year contract to build them.  The project when completed will be the biggest in the world.  Midamerican currently holds a $2.4 billion 550 megawatt Topaz solar farm project.  Buffett has increasing investment in solar and wind projects.

California is the biggest market for solar energy.

What do you think of Buffett's increasing involvement in solar and renewable projects.?

Midamerican Energy Holdings acquired Sun Power Corp

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