Tag Archives: buffett
Warren Buffett “Likes” Energy Sharing
PacifiCorp and the California Independent System Operator Corporation (the ISO) will work together to lead the entire western U.S. toward a new energy-sharing market that will smooth the way for more reliability in power delivery and more renewables. PacifiCorp (PINK:PPWRP), which controls two balancing authorities covering portions of six western states, and the ISO, the [...]
In Focus: Buffett’s Solar Bet
Last week, Warren Buffett purchased the largest photovoltaic project to date. Buffet’s MidAmerican Energy Holding Co. acquired the Antelope Valley Solar Projects from SunPower Corporation for $2 billion- $2.5 billion. Located in Los Angeles County and Kern County, the two plants of the Antelope Valley Solar Projects amount to the largest photovoltaic project worldwide: 579 [...]
Warren Buffett Buys The World’s Biggest Solar Plant
SunPower (Nasdaq: SPWR) is getting a strong sales pipeline for its solar panels after selling what will be the largest solar PV plant in the world. Warren Buffet’s utility, MidAmerican Energy, is buying the 579 megawatt (MW) Antelope Valley Solar Project, and will pay as much as $2.5 billion to SunPower for the sale and to build it. Antelope is actually two [...]
Buffett Plans Additional Bond Offering for Topaz Solar Farm
In a good sign that solar plant developers will be able to use bonds to finance projects, a bond offering for Topaz Solar Farm has been oversubscribed. After its successful bond offering of $850 million, Warren Buffet’s utility arm is planning a second one to finance its $2.4 billion Topaz Solar Farm in California. The bond offering was the [...]
Buffett Makes His Second Solar Deal in as Many Weeks
Warren Buffett-controlled MidAmerican Energy Holdings on Friday acquired an interest in a second solar project. In the latest deal, the company has acquired 49% of NRG Energy´s $1.8bn Agua Caliente project.This follows the company´s acquisition of 100% of First Solar´s $2bn Topaz Solar Farm less than two weeks ago. As was the case with the first Topaz deal, [...]
Why Warren Buffett Is Wrong About Cap and Trade
I am reprinting a commentary for Bloomberg by Eric Pooley. Pooley is a former senior editor of both Fortune and Time, who is writing a book about the politics of global warming. Earlier this year, he documented the media’s mistakes and biases during the Lieberman-Warner debate in a must-read Harvard study [see Howthe press bungles [...]