PV-Tech.org, Warren Buffett plans to double Berkshire Hathaway’s investment in renewable energy

When the Edison Electric Institute held their annual meeting in Las Vegas last week, Warren Buffet, CEO of Berkshire Hathaway, Inc., spoke about the company’s sizable investment in renewable energy. Buffett disclosed that the company has previously invested 15 billion dollars in the industry and has another 15 billion “ready to go as far as I’m concerned”.

• Buffett’s announcement of an investment in renewable energy may have been a surprise to some given the fact that he was speaking at an event hosted by the Edison Electric Institute.
• Warren Buffett joined the power industry 14 years ago with the purchase of an energy holding company in Iowa that was then expanded into Berkshire Hathaway Energy, a company which not only operates utilities but also invests in solar and wind projects.
• Industry leaders were pleased and supportive of Buffett’s announcement, citing the industry’s strong need for capital.

Article Link: PV-Tech.org