• 3 hours OPEC, Russia Said To Announce Oil Pact Extension On Nov 30
  • 6 hours Wintershall And LetterOne In Talks For $12B Oil, Gas Merger
  • 8 hours India Exempts State Oil Firms Mergers From Competition Approval
  • 10 hours Turkey Targets $5B Investment In Wind Energy By End-2017
  • 12 hours Weatherford Looks To Sell Assets To Ease Some Of $8B Debt
  • 13 hours OPEC Set To Move Fast On Cut Extension Decision
  • 16 hours Nigeria Makes First Step Away From Oil
  • 1 day Russia Approves Profit-Based Oil Tax For 2019
  • 1 day French Strike Disrupts Exxon And Total’s Oil Product Shipments
  • 1 day Kurdistan’s Oil Exports Still Below Pre-Conflict Levels
  • 1 day Oil Production Cuts Taking A Toll On Russia’s Economy
  • 2 days Aramco In Talks With Chinese Petrochemical Producers
  • 2 days Federal Judge Grants Go-Ahead On Keystone XL Lawsuit
  • 2 days Maduro Names Chavez’ Cousin As Citgo Boss
  • 2 days Bidding Action Heats Up In UK’s Continental Shelf
  • 2 days Keystone Pipeline Restart Still Unknown
  • 2 days UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 2 days Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 2 days Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 3 days German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 3 days Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 3 days Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 3 days Oil Prices Rise After API Reports Major Crude Draw
  • 3 days Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 3 days Gazprom Speaks Out Against OPEC Production Cut Extension
  • 3 days Statoil Looks To Lighter Oil To Boost Profitability
  • 4 days Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 4 days Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 4 days Whitefish Energy Suspends Work In Puerto Rico
  • 4 days U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 4 days Thanksgiving Gas Prices At 3-Year High
  • 4 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 4 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 5 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 5 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 5 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 5 days ConocoPhillips Sets Price Ceiling For New Projects
  • 7 days Shell Oil Trading Head Steps Down After 29 Years
  • 7 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 7 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
Alt Text

Unusual Ruling Could Impact Cheap Solar Panel Imports

The U.S. International Trade Commission…

Alt Text

Is The U.S. Solar Boom In Jeopardy?

The Trump administration is weighing…

Buffett Goes After 2nd Solar Farm Bond

Buffett Goes After 2nd Solar Farm Bond

As investors get more comfortable with the idea of dumping money into renewable energy projects, Warren Buffett’s MidAmerican Energy prepares for its second utility-scale solar farm financed through a bond offering.

Earlier this week, MidAmerican Energy Holdings Co. said it could complete a $700 million bond offering before the end of June to finance the Antelope Valley solar far in Southern California—a $2.74 billion project. MidAmerican acquired Antelope in January this year and construction began in late March. MidAmerican has already secured a 20-year agreement with Southern Edison California to purchase electricity from Antelope, which is scheduled to be operational in October 2015.  In early 2012, MidAmerican issued $850 million in bonds (5.75%), which are due in September 2039, for the Topaz solar farm in Southern California. Again in April this year, MidAmerican issued another $250 million in bonds for Topaz at 4.875%.

Related article: Solar Power Offers Saudi Arabia a Win-Win Energy Solution

Bloomberg cited Fitch Ratings as saying that MidAmerican planned to issue “Series A” secured notes due in 2035 for Antelope. The bonds have been rated BBB- (the lowest investment grade) by Standard & Poor’s and Fitch.

By. Jen Alic of Oilprice.com




Back to homepage


Leave a comment
  • SA Kiteman on June 19 2013 said:
    And if the FedGov decides to end the extravagant subsidies for unreliable power, how much will the investors lose? And how much will Buffet lose?
  • Philip Branton on June 19 2013 said:
    Dear Ladies and Gentlemen of the Jury,

    You just can't educate everyone.....

    just look at this statement....

    "..And if the FedGov decides to end the extravagant subsidies for unreliable power, how much will the investors lose? And how much will Buffet lose?..."

    Does Kiteman understand that the SUN was here long before OIL was here on EARTH..? Does Kiteman even understand that OIL is just stored sun energy from millions of years ago..??

    For the love of Pete.....
  • SA Kiteman on June 19 2013 said:
    Does Philip realize that even though the sun was there long before oil, the equipment to gather its energy is bloody expensive and takes massive government subsidies and purchase requirements to even get an entree into the game. Without those subsidies, the unreliables (solar PV and wind) are a complete bust, and so will go any unwary investment into such schemes. The one hawking the investment might make out like bandit, the ones investing might lose their shirts.

Leave a comment




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