MidAmerican Energy Holdings Co. agrees to buy solar energy farm
DES MOINES, Iowa (AP) -
MidAmerican Energy Holdings Co. has agreed to buy a 550-megawatt solar energy farm in California from First Solar Inc.
Des Moines-based MidAmerican said in a news release Tuesday that First Solar will complete construction of the more than $2 billion Topaz Solar Farm in California's San Luis Obispo County. Construction began last month and is expected to be finished by early 2015.
MidAmerican and Tempe, Ariz.-based First Solar say Pacific Gas and Electric Co. will buy electricity from Topaz under a 25-year agreement. The plant is expected to provide enough renewable energy to power about 160,000 average California homes.
MidAmerican is a subsidiary of Warren Buffett's Omaha, Neb.-based Berkshire Hathaway Inc.