The MidAmerican Energy unit of Warren Buffett's is aquiring SOLAR FARMS and GUESS WHAT? I SMELL A BUY-OUT OF A FIRST SOLAR NEXT...!! (BWAHAHAA--SHORTS WILL BE FRIED SOOOOONNNNN!
MidAmerican Renewables said it is considering acquiring more renewable-energy projects that would generate electricity for the wholesale power market to meet growing demand for clean energy. "We'll be looking for opportunities to grow this business," said Tina Potthoff, a spokeswoman for MidAmerican. "We think there's a growing desire by utilities and other companies to green up their business."
"DES MOINES, Iowa, and TEMPE, Ariz. - Dec. 7, 2011 - Today, MidAmerican Energy Holdings Company announced it has entered into definitive agreements to acquire the Topaz Solar Farm from First Solar, Inc. The 550-megawatt photovoltaic power plant being built in San Luis Obispo County, Calif., will have the capacity to generate enough renewable energy to power approximately 160,000 average California homes. The more than $2 billion Topaz project is one of the two largest PV projects in the world, both being built by First Solar." (see link below)
That has taken the Topaz risk off FSLR and has brought in the BIG INVESTORS' MONEY.
In addition, FSLR will operate the facility for MidAmerican
"First Solar has agreed to construct, operate and maintain the Topaz project for MidAmerican. Construction began in November 2011 and is expected to be complete by early 2015. The project will create approximately 400 construction jobs and 15 ongoing operations and maintenance jobs. According to an economic benefits study by The Brattle Group and California Polytechnic State University, the project is estimated to infuse $417 million into the local economy, the majority of which will be generated during construction, with the remainder over the project's minimum 25-year operating period."