MidAmerican buys 550MW First Solar project

Thu Dec 8 2011, 09:26 AM

MidAmerican Energy, a power company owned by Warren Buffet’s Berkshire Hathaway, is paying an undisclosed amount to acquire a 550MW solar farm from First Solar. The Topaz project is expected to cost more than USD2bn and will be built, operated and maintained by First Solar, which began work on the development last month. The investment is MidAmerican’s first in the solar sector.

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