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.
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