Buffett: 'No interest' in Suntech
US mega-investor Warren Buffett has buried the rumour that surfaced last month suggesting that he is contemplating acquiring bankrupt Chinese PV giant Suntech.
Although seen as highly unlikely by many solar industry experts, the unattributed rumour nevertheless sent Suntech shares sharply up after it was reported by a news service owned by the Hong Kong Economic Times.
But Buffett confirmed that the report was totally false when questioned over the weekend on the sidelines of the annual shareholders get-together for his conglomerate, Berkshire Hathaway.
MidAmerican Energy, part of Berkshire Hathaway, has transformed into one of the largest renewables investors in the US, having bought an host of high-profile projects in recent years, including the under-construction 579MW Antelope Valley PV farm in California.
Separately, when asked about climate change at the 2013 shareholder meeting, Buffett said that while he believes in man-made climate change, he does not see a threat to Berkshire Hathaway’s vast insurance exposure.
Suntech recently announced broke its silence on a number of critical issues, saying the administrator overseeing the insolvency of its main Chinese manufacturing subsidiary has scheduled a meeting with creditors for 22 May.