Business

Buffett gets boost in $2 billion solar buy

Photo of Kells Hetherington
Kells Hetherington
Contributor

Warren Buffett’s Berkshire Hathaway, which agreed to buy a $2 billion solar farm in California in a deal announced yesterday, may have picked the right time to invest in the industry.

The 550-megawatt Topaz project will qualify for a federal incentive because it began construction last month, and will sell power under a long-term contract that was completed before prices for solar panels fell 44 percent in the last year.

Buffett’s MidAmerican Energy set the deal with First Solar of Tempe, Ariz.

Full story: Buffett gets boost in $2 billion solar buy – NYPOST.com.