Just a year ago, MidAmerican Energy Holdings, one of the many units in Warren Buffett's Berkshire Hathaway, announced it was creating a new business to handle all of its renewable energy interests.
Since its inception, the subsidiary MidAmerican Renewables has wasted little time, snapping up solar and wind farms. The company currently has a portfolio of 1,830 megawatts of owned power assets, including wind, geothermal, solar and hydro.
MidAmerican Renewables kicked off 2013 with another major purchase. The company announced this week it has acquired SunPower's Antelope Valley Solar Projects, two co-located projects in Kern and Los Angeles counties in California.
MidAmerican didn't disclose the purchase price. However, analysts have pinned the purchase price somewhere between $2 billion and $2.5 billion.
Together, the combined projects will form the largest permitted solar photovoltaic power development in the world, according to SunPower and MidAmerican.
Some stats on Antelope Valley:
Photo: SunPower
This post was originally published on Smartplanet.com