Warren Buffett’s Big Bet on Renewables in Nevada (The New York Times)
For years, many of those electrons were generated by coal, a fuel now largely abandoned here thanks to both economics and legislative decree. Now an increasing percentage of them are coming from renewable sources —
geothermal, solar and wind. This makes them all the more salable now that California, the biggest energy market in the West, severely restricts the purchase of electricity associated with excessive greenhouse gases.
This has not escaped the attention of Warren E. Buffett, the country’s premier investor. Through his companies, he has in recent years acquired two major utilities, NV Energy and PacifiCorp Energy, which are poised to take advantage of the energy market recently expanded by California.
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