Buffett energy company acquires two California wind farms

A unit of Warren Buffet’s MidAmerican Energy Holdings has completed the acquisition of the 168MW Alta Wind VII and 132MW Alta Wind IX projects in California from a subsidiary of developer Terra-Gen Power.

Financial terms were not made public. Both projects are located near Tehachapi, about 35 miles (56km) east-southeast of Bakersfield. They will utilize 100 Vestas V90 3MW wind turbines.

Southern California Edison will purchase all power from both projects under long term agreements.

“The completion of this acquisition marks MidAmerican Wind’s second acquisition of wind generation assets in 2012,” says Tom Budler, president of MidAmerican Wind. “We are pleased to add the Alta Wind VII and Alta Wind IX projects to our generation portfolio.”

With the addition of the Alta Wind projects, MidAmerican…

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login