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Tuesday, October 2, 2012

OILPRICE.COM : Warren Buffet Purchases Two Huge Wind Farms in California

By Joao Peixe | Mon, 01 October 2012 21:52


Warren Buffett, the US investment tycoon, has once again shown his commitment to the US renewable energy market by announcing his plans to buy two huge Californian wind farms.

MidAmerican Energy Holdings, which is owned by Buffet’s Berkshire Hathaway investment company, will purchase two phases of the wind farm project being constructed in the Tehachapi Mountains by Terra-Gen Power.

MidAmerican Energy Holdings announced yesterday that it has agreed to buy the two phases for an undisclosed fee.

The Alta Wind VII has a capacity of 168MW, and the Alta Wind IX has a capacity of 132MW; they boost MidAmerican Renewable’s total renewable energy portfolio to over 1.2GW.

Southern California Edison has already signed a purchase power agreement which means they will purchase all the electricity produced from the wind farms; enough, it is believed, to supply around 80,000 homes each year.


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2 comments:

Yasemin Kennedie said...

18.10.2012-Warren Buffet is 30000DaysOld.We always say "Time is Money". Happy 30.000th day Mr. Buffett!

https://twitter.com/zamanya

Page 40 from
"Zamanya - Interview with time"
Roberto regarded the Money Project as a failure. The main idea was to develop a system where people who spent their own time for others received a token in exchange. However, Time employees didn't like the fact that some people earned loads of money without spending any time whereas others seemed to spend a lifetime and still ended up penniless. This scheme was managed badly. “And it is getting worse. We created a monster and it's now unfortunately out of control.”
"Money is another product from the Time Company?" I thought. How mind boggling!
“That's why we give time to our employees instead of money.”

QUALITY STOCKS UNDER 5 DOLLARS said...

Im not a big fan of wind energy.