Buffett to double his $15 billion solar, wind investments

Warren Buffett is ready to double his $15 billion investment in renewable energy, according to reports.
 
Speaking at the Edison Electric Institute’s annual convention in Las Vegas Monday, Buffett described how he had briefly lost track of how much Berkshire Hathaway had invested in the sector and  needed a reminder from a deputy. Buffett said he responded “there’s another $15 billion ready to go,” according to Bloomberg News.
 
Buffett’s investments include wind farms in Iowa as well as solar farms in California and Arizona.
 
Buffett also vowed to keep investing in utilities. The sector may not make you rich, but it will keep you rich, the legendary investor was quoted as saying in another report.
 
Berkshire Hathaway’s MidAmerican Energy last year bought two co-located solar-power projects that combined are the largest solar project in the world.  Last month, MidAmerican said it will supply Google Inc. facilities in Iowa with electricity from wind power.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

WS510 Secondary Standard

WS510 Secondary Standard

In the monitoring of large photovoltaic (Utility Scale), in assessing potential sites (Solar-assessment), or in up and coming electricity cost saving initiatives projects (Commercial & Industrial), the WS510 now provides the market a secondary standard pyranometer, ultrasonic wind speed, ultrasonic wind direction, temperature, pressure and humidity all in a single unit.. This sensor meets the high demands of the world meteorological organization (WMO) through the active valving at air temperature measurement and the inertia- and maintenance-free measurement of wind speed and wind direction on the ultrasonic principle. Equipped with a Kipp & Zonen pyranometer of the secondary standards, the WS510-UMB Compact weather sensor from Lufft unites the precision of a variety of meteorological individual sensors in a single all-in-one device, for the first time.