Law360, New York (December 07, 2011, 2:09 PM ET) -- Warren Buffett's MidAmerican Energy Holdings Co. has agreed to purchase a $2 billion solar power plant under construction in California, a deal necessitated by seller First Solar Inc.’s failure to secure a government loan to pay for the project's completion, the companies said Wednesday.
MidAmerican, which already has a substantial wind-power portfolio, is buying the Topaz Solar Farm, a 550-megawatt photovoltaic power plant being built in San Luis Obispo County, Calif. Under the terms of the agreement, First Solar will construct, operate and maintain the project...
Skadden Reps First Solar In Sale Of $2B Plant
To view the full article, take a free trial now.
