GREEN DEALS: Why Buffett chose solar

Buffett picks the right time to buy big solar; Carnegie advances 5MW Canadian wave power project; and Dart's glasshouse plans for CSG.

Warren Buffett’s sudden push into large-scale solar appears to be perfectly timed, with the $2 billion, 550MW Topaz solar PV project likely to be one of the last to qualify for federal incentives; and enjoying a power off-take agreement vastly superior to the one currently being negotiated because the cost of solar panel has fallen by nearly half in the last year. “The smart guys are getting into these early projects because they have very attractive power-purchase agreements,” Paul Clegg, an analyst with Mizuho Securities in New York, told Bloomberg in an interview. “Financing (for future projects) won’t be as easy at the rates being signed for the latest ones.”


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