Warren Buffet's latest investment in solar energy

Food , water and shelter was once known as the basic needs for human. This century we added one more to this list "Energy". Energy from hydro power or coal is not sufficient as our energy needs have increased many folds. So if you ask what next, then we will have to rely on the most abundant energy source on earth which is solar i.e. energy from the sun. Enough sunlight falls on the earth every minute to power the world for an entire year. If a small fraction of Sahara desert was covered with solar panels, we could power the entire world. Man has got used to many a luxury many of which needs energy as the primary source be it transportation, entertainment or communication. Imagine what all would you have to give up if there was no energy to power up your phones, TV, internet and AC. We would be living the 1920's. So investing in energy is not a bad idea. Not just your money even your thoughts. One of the greatest investors of our time has again made a significant investment in the energy industry a few days back. Here is a snippet I picked from the internet about this investment.

MidAmerican Energy Holdings, a subsidiary of Mr Buffett’s Berkshire Hathaway investment company, has struck a deal with SunPower to acquire and build two projects in California’s Antelope Valley.

The deal, which will see MidAmerican pay between $2 billion to $2.5 billion, marks the third time in little over a year that Mr Buffett has ploughed cash into solar energy.

He last year created a unit within Mid American to support an increasing number of solar and wind investments.

Work on the projects will begin within the next few months and construction is expected to be completed by the end of 2015.

SunPower, which is 66 pc-owned by France’s Total, will remain involved in the construction and operation of the projects.

Spend some time working on some solar projects, its interesting and it is worth the time.

Invest in solar, who said the sun god cant help you make some money....