Post by
zaktaylor on Dec 17, 2011 6:51pm
State Law
California state law requires 30 percent renewable energy by 2020. That's the only thing Western Wind Energy needs. It builds a wind farm it will get a long term contract. In general renewable energy is pretty much screwed because competing with the declining prices in natural gas is going to be tough. But it seems the sky is the limit in California.
Comment by
jonathanstjohn2 on Dec 17, 2011 6:57pm
I agree. That's why I own stock in it.Too bad they are destroying the market value by jer.king off on their shareholders.
Comment by
zaktaylor on Dec 17, 2011 7:58pm
Warren Buffet just dropped 2.9 billion dollars for two solar projects in California. It would make perfect sense for him to buy Windstar also. How much per MW did he pay? Does anyone know?
Comment by
Xtrykr0 on Dec 18, 2011 1:16am
Knowing Buffet, probably at a "HUGE" discount.
Comment by
dirac on Dec 18, 2011 12:20pm
here is one example, but I dont know how to compare solar with wind, wind seems cheaper. its the fixed long term price and the tax credit that attracts him
https://www.bloomberg.com/news/2011-12-07/buffett-gets-u-s-incentive-high-power-rates-in-2-billion-solar-farm-bet.html?cmpid=yhoo
Comment by
peakoiled on Dec 19, 2011 4:15pm
Buffett bought the 550MW topaz project for $2B USD. So $3.63M per MW:
https://www.bloomberg.com/news/2011-12-07/buffett-gets-u-s-incentive-high-power-rates-in-2-billion-solar-farm-bet.html?cmpid=yhoo