Warren Buffett’s MidAmerican Energy has announced that it will buying two Californian solar power plants for between $2 billion and $2.5 billion.
The projects are currently still under construction and are due to be completed in 2015. When complete they will generate 579 MW of electricity.
MidAmerican launched its renewable power subsidiary last year. Since then it has acquired a substantial portfolio of wind, geothermal, solar and hydro power production.