MidAmerican Energy, a utility owned by Warren Buffett's company Berkshire Hathaway, is purchasing a large solar farm in California. The 550-MW Topaz Solar Farm is being sold by First Solar for an as-yet-unknown price, though construction costs are estimated at about $2 billion.
The solar farm, located in the Carrizo Plain, is currently under construction and should be up and running by 2014. It will use First Solar's thin-film technology and generate enough electricity to power 160,000 homes.
The Topaz solar farm is MidAmerican Energy's first solar energy purchase, but the utility has already been big on wind, ranking as the #1 utility in America for wind power by controlling 2,909 MW of capacity.
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