Buffett’s MidAmerican Energy Makes A Billion Dollar Bet On Wind Power

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HFA Staff
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MidAmerican Energy Holdings Company describes itself as a global leader in the production, transportation and delivery of energy from a variety of fuel sources, including coal, natural gas, wind, hydro, solar, nuclear, geothermal and biomass. It is the unlisted power arm of Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B). The company was in the news yesterday for the huge order it placed on Siemens AG (NYSE:SI) (FRA:SIE) for the supply of 448 wind turbines, each capable of generating 2.3 megawatts. The order, estimated to be worth over $1B, will enable MidAmerican to add over 1000 megawatts to its generation capacity,…

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