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Research News: IT Green Power

Billionaire Buffett Bets on Solar Energy

Thursday, December 08, 2011   (0 Comments)
Posted by: Eric Paul
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The "Oracle of Omaha," who made his fortune by betting on technologies that appear underpriced, is now putting his money into solar.

The solar industry got a turbo-boost of both name recognition and mainstream credibility on Wednesday as a subsidiary of billionaire Warren Buffett’s investment company MidAmerican Energy Holdings announced plans to purchase the Topaz Solar power development from thin-film PV module maker First Solar. Terms of the deal were not disclosed.

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