The Stray World

When a guy who has built his entire wealth on invest­ment based upon future growth and not per­sonal sen­ti­ment pays USD 2 bil­lion for a solar power com­pany, it prob­ably means it’s a good time to be invest­ing on the right side of the eth­ical debate even if you hap­pen to be a happy global warm­ing deny­ing Amer­ican Republican.

War­ren Buffett’s MidAmer­ican util­ity, which is part of his hold­ing com­pany Berkshire Hath­away, has just announced that it’s buy­ing Sun­Power’s Ante­lope Val­ley Solar Pro­jects, loc­ated in Cali­for­nia. The tag price is between 2 and 2.5 bil­lion dol­lars! At a total of 579 mega­watts, the Ante­lope Val­ley pro­jects are the world’s largest photo­vol­taic solar devel­op­ment, and Sun­Power will retain the 3-year con­tract to build it.

From Tree­hug­ger.