Buffett’s Berkshire Pitches $3.9 Billion Iowa Wind and Solar Project
- Berkshire targets 100% renewable energy for Iowa customers
- Proposal also includes a plan to study new technologies
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Warren Buffett’s Berkshire Hathaway Inc. is proposing to spend $3.9 billion to bring more wind and solar generation to Iowa in a project that could be among the renewable industry’s biggest.
The “Wind Prime” renewable-energy project would bring 2,042 megawatts of wind generation and 50 megawatts of solar power, Berkshire’s MidAmerican Energy Co. said Wednesday in a statement. That could produce enough to power about 600,000 homes. The firm is also planning to fund studies about technologies that could help with carbon capture, energy storage and smaller nuclear reactors.