• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 13 hours Oil prices going Up? NO!
  • 4 mins Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 4 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 2 days Could Venezuela become a net oil importer?
  • 4 hours The Tony Seba report
  • 3 mins Kenya Eyes 200+ Oil Wells
  • 1 day Oil prices going down
  • 2 days Oil Buyers Club
  • 1 day Could oil demand collapse rapidly? Yup, sure could.
  • 9 hours Saudi Arabia turns to solar
  • 2 days Gazprom Exports to EU Hit Record
  • 20 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 14 hours Are Electric Vehicles Really Better For The Environment?
  • 1 day Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 2 days Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 day Tesla Closing a Dozen Solar Facilities in Nine States
Alt Text

Grid Batteries Will Hurt Wholesale Power Generators

Unregulated U.S. power wholesalers face…

Alt Text

The Race For The “Holy Grail” Of Renewables

Energy storage is becoming an…

Jen Alic

Jen Alic

 

More Info

Trending Discussions

Warren Buffett Expands Renewables Holdings

Warren Buffett Expands Renewables Holdings

With tax credits expiring on 31 December, Warren Buffett’s MidAmerican Energy Holding’s Co. has managed to complete construction of two wind farms in California—adding another major project to its hungry operational portfolio.

The company—owned by Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A)—completed the two Pinyon Pines wind farms, with a total capacity of 300 megawatts, and brought them on line just before the last day of the year.

The wind farms will supply Southern California Edison (a subsidiary of Edison International, NYSE:EIX) with electricity under a long-term contract.

Thanks to the now-expired tax credit, wind has become the largest source of new energy capacity in the US for 2012.

Related Article: Replacing Fossil Fuels with Renewables - Part 1

Buffett has embraced wind wholeheartedly, and his company now boasts more than 1.2 gigawatts of energy assets either currently operating or under construction.

If you’re undecided about renewable energy—trust Buffett, everyone else does and his word seems to be golden these days among investors.

And Buffett’s wind investments are definitely on a roll. Earlier in December, MidAmerican Wind, a subsidiary of MidAmerican Renewables, finished another wind farm in Illinois after acquiring the project earlier in the year from Invenergy.

MidAmerican Energy Holdings’ seven main businesses earned $11.2 billion in revenues in 2011 and the conglomerate’s renewables holdings are impressive. MidAmerican Energy owns 2.3GW of wind and MidAmerican Renewables owns an additional 318MW.

Related Article: The Renewable Energy Illusion

In total, MidAmerican Energy Holdings has more than 1,830 megawatts of owned wind, geothermal, solar and hydro assets.

The first days of January 2013 also saw MidAmerican Solar—another subsidiary of MidAmerican Renewables—acquire a 579-megawatt solar project in California from SunPower Corp (NASD:SPWR). This two-project combination (The Antelope Valley Solar Projects) represents the largest solar photovoltaic power development project in the world. It is expected to offset more than 775,000 tons of carbon dioxide emissions annually.

By. Jen Alic of Oilprice.com




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News