Betting on the SunMidAmerican Energy, a large utility owned by Berkshire Hathaway, Warren Buffet's investment vehicle, is already one of the top utilities when it comes to wind power in the USA. Apparently, the Oracle of Omaha is also bullish on solar power. MidAmerican is reportedly buying the 550-megawatt photovoltaic Topaz Solar Farm from First Solar. It's located in the Carrizo Plain, northwest of California Valley, and it is expected to be fully operational by 2014.
The Topaz plant will generate enough power for 160,000 average homes. "Adding solar energy to our generation portfolio is a strategic move to invest in yet another renewable energy source," said Greg Abel, chairman, president and chief executive officer of MidAmerican Energy.