Warren Buffett thinks there’s money in solar

Cassandra Sweet wrote for the WSJ yesterday, Solar Plant Sold to Berkshire Unit,
First Solar Inc. is selling one of its large California solar farms to MidAmerican Energy Holdings Co., ending the solar-panel maker’s search for a buyer.

The sale places MidAmerican Energy, a unit of Warren Buffett’s Berkshire Hathaway Inc., in the solar-power business for the first time. MidAmerican operates fleets of wind farms and conventional power plants.

The companies didn’t disclose terms of the deal Wednesday, but said the Topaz solar-power plant, in San Luis Obispo County, is worth more than $2 billion.

That’s more evidence there is private financing available for solar power.


PS: Owed to Harry DeLano.

2 thoughts on “Warren Buffett thinks there’s money in solar

  1. Michael Noll

    Of course!
    And it is not just “money” that’s in solar, it’s jobs, a clean source of renewable energy, and an important piece of our puzzle to become independent of foreign oil (or fossil fuels in general).
    However, any energy initiative (for whatever benefit) must always be accompanied by meaningful measures of energy efficiency and energy conservation. Coincidentally these measures too provide jobs, just as our growing solar industry does.
    Michael G. Noll, President
    Wiregrass Activists for Clean Energy (WACE)

Comments are closed.