Buffet Company Buys California Solar Project
It’s a big investment and a huge vote of confidence for California’s renewable energy program. Warren Buffett’s MidAmerican Energy Holdings Company has purchased two SunPower solar photovoltaic power plant projects in California for between $2 billion and $2.5 billion. Photovoltaic power plants use photovoltaic modules that convert light into electricity. These renewable energy projects will be built in Los Angeles and Kern counties and will generate 579 megawatts of electricity for utility Southern California Edison. During peak output times that’s equivalent to a big fossil fuel power plant. For more information on this deal, and other investments by Buffet in California renewable energy, please view the story here:
Warren Buffett In $2 Billion Solar Deal.
For more on California’s pioneering renewable energy programs see:
California Renewable Energy Overview and Programs