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Berkshire Buys $2 Billion Power Project in Buffett Solar Bet

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 07 Dec 11 7:12 PM | 62 view(s)
Boardmark this board | De's Test Board 		Msg. 36867 of 45651
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Buffy gonna try to run the power grid now??? I could see that!!


Warren Buffett’s MidAmerican Energy Holdings utility agreed to buy the $2 billion Topaz project in southern California, branching into solar power after the industry was battered by stock markets around the world.

The Topaz Solar Farm will be one of the world’s largest photovoltaic power plants and is being developed by the seller, First Solar Inc. (FSLR) of Tempe, Arizona, according to a joint statement today. Terms weren’t disclosed. The project’s 550- megawatt capacity is equal to about half a new nuclear reactor.

Buffett’s Iowa-based utility, which entered clean energy buying U.S. wind farms and a stake in Chinese electric-car producer BYD Co., struck today’s deal after First Solar failed to get a U.S. government loan guarantee for the project that will use First Solar’s

http://www.bloomberg.com/news/2011-12-07/berkshire-s-midamerican-energy-to-buy-topaz-solar-farm.html




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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