FILE - In this Nov. 21, 2011 file photo, U.S. billionaire investor Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks during a news conference at the headquarters of cemented carbide tool supplier Tungaloy Corporation after inaugurating its new factory in Iwaki city, Fukushima prefecture, northern Japan. Buffett said Wednesday, Nov. 30, 2011, Berkshire Hathaway is buying the Omaha World-Herald Co. and expanding the firm's newspaper holdings despite Buffett's misgivings about the industry. (AP Photo/Shuji Kajiyama, File)
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.