“Warren Buffett’s MidAmerican Energy Holdings utility agreed to buy the $2 billion Topaz project in southern California, branching into solar power after the industry was battered by stock markets around the world.
The Topaz Solar Farm will be one of the world’s largest photovoltaic power plants and is being developed by the seller, First Solar Inc. (FSLR) of Tempe, Arizona, according to a joint statement today. Terms weren’t disclosed. The project’s 550- megawatt capacity is equal to about half a new nuclear reactor.”
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