Legendary Investor Warren Buffett Buys Topaz Solar Farm in SLO County
Posted: Thursday, 08 December 2011
San Luis Obispo, CA.
High powered investor Warren Buffett has bought Topaz Solar Farm in
San Luis Obispo County. First Solar announced that it has sold its
550-megawatt Topaz Solar Farm in the Carrizo Plain to 
MidAmerica Energy
Holdings, which is owned by billionaire Buffett's multinational holding
company Berkshire Hathaway Inc. First Solar will continue to build and
operate the huge photovoltaic plant, but MidAmerica will be the owner.
The solar farm is estimated to be worth more than $2 billion. First Solar began construction in November, and the plant is expected to become fully operational in three years. The deal is expected to be finalized within the next three months.
MidAmerica Energy
Holdings, which is owned by billionaire Buffett's multinational holding
company Berkshire Hathaway Inc. First Solar will continue to build and
operate the huge photovoltaic plant, but MidAmerica will be the owner. The solar farm is estimated to be worth more than $2 billion. First Solar began construction in November, and the plant is expected to become fully operational in three years. The deal is expected to be finalized within the next three months.