Warren Buffett's Solar Energy Venture
Warren Buffett's solar deal is important. It signals that the power industry appears to be pivoting away from wind and focusing on solar. The drivers are risk, reward and tax credits.
Berkshire Hathaway (BRK.A) knows a thing or two about the power and natural gas industries. Through its holding company, Berkshire owns Pacific Power, Rocky Mountain Power, MidAmerican Energy (electric and gas utility), Northern Natural Gas, Kern River Gas Transmission, Northern Powergrid (U.K.), CalEnergy Generation, and MidAmerican Renewables. The combined companies control 38,600 miles of natural gas pipelines, 177,000 mile of electric power lines, and 22,000 megawatts of generating capacity....629 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.