Wednesday, June 11, 2014

Solar and Wind -- $15 billion more of investment coming from Warren Buffett/Berkshire Hathaway

This announcement from the Sage of Omaha got a lot of press today.  If Berkshire Hathaway has $15 billion in solar/wind investments, and plans to double that amount ... at some point this is no longer just a CSR exercise for an operator of coal and gas-fired plants?

Of course, Buffett is campaigning for renewal of U.S. tax incentives for such investments, and he emphasizes the importance of those incentives.  But Berkshire's activities help to explain how the numbers add up to more solar and wind added than any other type of generating capacity in the U.S. last year.

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