27 Feb '12, 6pm

Warren Buffett Updates Shareholders on Wind and Solar Power Investments

Warren Buffett Updates Shareholders on Wind and Solar Power Investments

The King of Wind Now Investing in Solar The super-investor from Omaha is rapidly turning into the king of wind power in the USA, and his recent foray into solar power could be the beginning of something big. Indeed, almost exactly one year ago Mr. Buffett wrote to his shareholders about MidAmerican Energy (a subsidiary of Berkshire Hathaway , the holding company that Buffett controls - it's 60+ billion dollars of that stock that he's giving to charity) "will have 2,909 megawatts of wind generation in operation by the end of 2011, more than any other regulated electric utility in the country. The total amount that MidAmerican has invested or committed to wind is a staggering $5.4 billion." Flickr /CC BY 2.0 This year, that number should grow by 14%, which isn't a bad compounding rate. And $6 billion is a pretty massive capital investment in green energy: MidAmerican will ha...

Full article: http://www.treehugger.com/renewable-energy/warren-buffett...

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