Tag Archives: warren buffett
BYD Sets Up Shop in California
In a time when cities are clamoring for manufacturing facilities and the high-value jobs they bring, one California city lured a major Chinese battery manufacturer to town with its reputation of deep support for clean technology, solar energy and innovation. BYD, which stands for Build Your Dreams, announced this week that it will establish two [...]
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 [...]
The Dark Side of Solar
The Los Angeles Times is talking about the dark side of all the huge, utility-scaled projects shooting up across California’s desert. Experts are predicting that consumers’ utility bills could go up by 50 percent as renewable energy produced in the state boosts electricity rates 10 – 20 percent. Last year, California Governor Jerry Brown approved [...]
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, [...]
Warren Buffet Enters the Solar Industry
Warren Buffett is getting into the solar business by buying one of the world’s largest solar PV plants – the $2 billion Topaz project under development in southern California. Buffet’s utility, MidAmerican Energy Holdings, is making the acquisition – the 550 megawatt (MW) project is being developed by First Solar using its thin-film solar panels. First [...]