IN DEPTH: The Buffett billions

Warren Buffett is investing in renewables because he can make attractive returns

Warren Buffett is investing in renewables because he can make attractive returns

When Warren Buffett commits $13bn to an emerging industry, a lot of people are going to sit up and take notice.

The world’s most successful investor knows a thing or two about making money, having amassed a personal fortune of $53.5bn through his Berkshire Hathaway holding company since 1965 — largely due to his legendary ability to spot undervalued assets that can deliver superb long-term profits.

In a burst of energy last year, Buffett accumulated a 1.27GW portfolio of utility-scale solar projects through his MidAmerican Energy Holdings Company, including what will be the world’s largest PV array, the 579MW (AC) Solar Star 1 and 2 in California; the 550MW (AC) Topaz, also in Log in to read complete article.

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