WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Enter your email address:

Saturday, December 21, 2013

Warren Buffett Dives Into Wind Power, Comes Up With Siemens Turbines

Warren Buffett
Warren Buffett
Why is everybody making such a fuss about the latest Warren Buffett wind power purchase? Okay, so the legendary investor’s MidAmerican Energy Company has just ordered a huge mess of wind turbines from Siemens, but it was all the way back in May that MidAmerican announced a new $1.9 billion investment in Iowa wind farms, adding up to 656 new turbines to the 1,267 it already has churning out renewable energy in that state.

What’s really big news, at least to us, is comparing Iowa’s  booming wind industry (including 100% wind for a new Facebook data center) to the situation in Wisconsin, where Republican lawmakers are still throwing one monkey wrench after another into that state’s struggling wind industry.

However, we digress. The new order is still big news for Siemens, which thanks to Buffett gets to win the week in wind power news with bragging rights to receiving the world’s largest ever single order for onshore wind turbines: 448 of its SWT-2.3-108 models with a combined capacity of 1,050 megawatts.

Read more at http://cleantechnica.com/2013/12/19/warren-buffett-wind-power-order-from-siemens/#ZCczZfb5YRlzVsVq.99

WARREN BUFFETT BLOG

WARREN BUFFETT BLOG