Wednesday, December 7, 2011

(Mr. Sunshine) Warren Buffett goes solar


Despite being rocked by scandal and corruption industry-wide (see: George Kaiser: Oil Magnate and Crony Capitalist) billionaire Warren Buffett has decided to take a shot at the solar industry.

Warren Buffett's MidAmerican Energy Holdings utility has agreed to buy the $2 billion Topaz project in Southern California, thus, branching into solar power after the industry has been battered by poor stock market performance.