Warren Buffett News: Buffett’s MidAmerican boosts solar buy-in with purchase of SunPower Corporation (SPWR)

Warren Buffett’s MidAmerican boosts solar buy-in with purchase of SunPower’s 579MW project (CleanEnergyAuthority)
SunPower Corporation (NASDAQ:SPWR) is starting 2013 with a bang. The company solar its 579 megawatt Antelope Valley Solar Projects (AVSP) to MidAmerican Solar for more than $2 billion. It’s the most recent buy-in for renewables that Warren Buffett-controlled MidAmerican has made, and hopefully a good indicator that big solar deals are in the works for 2013. The co-located AVSP projects stretch across the borders between Kern and Los Angeles counties, and are together the largest permitted PV project in the world. They are slated for completion by the end of 2015, according to SunPower.

Oil boom, demand for railcars aid Berkshire unit (Omaha)
Warren Buffett and Carl Icahn are reaping the benefits of surging demand for railroad tank cars to haul shale oil from beyond the reach of existing pipelines. Buffett’s Union Tank Car Co. is working at full capacity and Icahn’s American Railcar Industries, Inc. (NASDAQ:ARII) has a backlog through 2014. Trinity Industries, Inc. (NYSE:TRN), the biggest railcar producer, began converting wind tower factories last year to help meet demand for train cars that can transport the petroleum product.

BERKSHIRE HATHAWAYFormer Protégé Sokol Rips Buffett: His Judgment Day ‘Rapidly Approaching’ (MoneyNews)
Former Berkshire Hathaway Inc. (NYSE:BRK.A) executive David Sokol offered a strong tongue lashing to his former mentor Warren Buffett, after the Securities and Exchange Commission decided not to take action against him for allegations of insider trading. Sokol told The Wall Street Journal that “he will never understand why Mr. Buffett chose to hurt my family … but given that he is rapidly approaching his judgement [sic] day, I will leave his verdict to a higher power.”

Best cars awards: Warren Buffett’s BerkshireInsurance.com in joint venture with CarDekho (FinancialExpress)
Indian automotive website CarDekho announces the first edition of its awards. CarDekho Awards 2013 presented by investment guru Warren Buffett’s Indian arm BerkshireInsurance.com. Based on an online voting concept, readers and subscribers get to choose the winners and the awards are not based on sales numbers or anyone’s views – they are positioned as the voice of the Indian consumers – a direct feedback from buyers to automakers. Split into 10 parts, these categories are defined based on car segments – Hatchbacks, Sedans, SUVs, UVs and Luxury vehicles. Under each segment there are two kinds of awards – one for the most popular in the whole year and other is the Best of 2012.

BYD gains permission to sell e-buses to EU (4-Traders)
BYD Co Ltd <002594.SZ><1211.HK>, a Chinese carmaker backed by billionaire investor Warren Buffett, said on Monday it had gained official permission to sell its electric buses in all European Union member states. The “Whole Vehicle Type Approval” granted by EU – which came weeks after BYD announced its plan to build electric buses in Bulgaria with a local partner – marked its latest effort to tap green vehicle potentials overseas.

Can you name Warren Buffett’s next big purchase? (Omaha)
It’s a new year, and Warren Buffett is still hunting elephants. Do you have an idea which one he’ll bag first? If so, tell us the name of the company you believe Buffett will buy, along with the reasons for your choice and your contact information. We’ll define an “elephant” as an acquisition costing $5 billion or more, not counting buybacks of Berkshire stock or “bolt-on” acquisitions by existing Berkshire companies.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!