$2.5bn solar purchase by Buffet's Berkshire Hathaway Holding for California record project

Post date: Jan 03, 2013 9:3:0 PM

MidAmerican Energy Holdings

controlled by Warren Buffets Berkshire Hathaway

bought from US SunPower a giant solar project

in California to be finished 2015

MidAmerican Energy Holdings Co.

a unit of Warren Buffett's conglomerate Berkshire Hathaway (BRKA, Fortune 500), has purchased two solar power projects in a deal valued at between $2 billion and $2.5 billion.

Antelope Valley Solar Projects

MidAmerican, the electric utility,

said Wednesday it has purchased the Antelope Valley Solar Projects from SunPower Corp (SPWR).

650 construction jobs

Reader comment:

Solar/wind is the future whether people like it or not.

source: money.cnn.com

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Buffett’s MidAmerican Energy Holding Forms Renewables Unit MidAmerican Solar

will encompass such recent MidAmerican investments as the 550-megawatt AC Topaz solar power plant in California and the 290-megawatt AC Agua Caliente project in Arizona