Renewable Energy World.com
Elisa Wood, Contributor
April 24, 2013
Everyone wants to see inside Warren Buffett's head. One of the world's most successful investors, the CEO of Berkshire Hathaway is a rock star among those who check the markets before their breakfast. His annual shareholder letters are famous, generating the kind of hoopla among his followers as a just-released Harry Potter novel does among children. Even U.S. President Barack Obama listens to Buffett, or at least he quotes him often. In fact, headline writers have come to call Buffett the 'Oracle of Obama', a play on the Nebraska native's nickname of the 'Oracle of Omaha'.
What's the best way to gain insight into Buffett's thinking? Probably by watching his companies. And now, among his big insurance, chemical and utility holdings is a renewable energy company that is making some eye-catching moves. In its first 12 months in business, MidAmerican Renewables has acquired some of the largest solar projects in the world.
What do these aggressive moves by a Buffett-backed business say about the solar market? Will others follow? And why did MidAmerican Renewables choose these particular projects?
Read Entire Article