Over the past two weeks, both Google and one of Warren Buffet's companies have made major forays into renewable investments.
Warren Buffet (from the LA Times):
“Solar stocks were burning up Thursday, led by a 41% share price boom for SunPower, which this week said it sold a pair of massive Southern California solar power plants to a Warren Buffett company.”
“San Jose-based SunPower said in a filing with the Securities and Exchange Commission that it sold two Antelope Valley photovoltaic projects to MidAmerican Solar, a subsidiary of MidAmerican Energy Holdings, itself owned by Buffett’s company Berkshire Hathaway. The 579-megawatt pair is still under development.”
“The projects, located in Kern and Los Angeles counties, will together form the largest permitted solar photovoltaic power development in the world, according to SunPower.”
Google (from the San Francisco Chronicle):
“Google has gone far afield again to invest in a renewable energy project, this time putting $200 million into a Texas Panhandle wind farm, the Internet search giant said Wednesday.”
“The Spinning Spur Wind Project, about 35 miles from Amarillo, has 70 Siemens wind turbines, each with a 2.3 megawatt capacity.”
“The 161 megawatt farm, built by EDF Renewable Energy, began operating in December.”
"We look for projects like Spinning Spur because, in addition to creating more renewable energy and strengthening the local economy, they also make for smart investments: They offer attractive returns relative to the risks and allow us to invest in a broad range of assets," Google said on its blog."