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Gold/Mining/Energy : First Solar, Nasdaq: FSLR

FSLR 265.70

-0.5%

Nov 3 9:30 AM EST

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To: Sr K who wrote (850)	12/8/2011 12:26:32 AM
From: David C. Burns	2 Recommendations of 912

Buffett Buys Big Solar Farm “As energy needs continue to increase, the Topaz project will allow MidAmerican to produce renewable energy for thousands of Californians. This project also demonstrates that solar energy is a commercially viable technology without the support of governmental loan guarantees and reflects the type of solar and other renewable generation that MidAmerican will continue to seek to add to its unregulated portfolio.” MidAmerican is currently the largest owner of wind-powered energy generation among U.S. rate-regulated utilities, Abel said. The solar farm is large enough to supply electricity to 160,000 average American homes. Famous for wildflowers and rent by the San Andreas Fault, the Carrizo Plain is home to a national monument, reintroduced pronghorn antelope, and several threatened species including the San Joaquin kit fox and the antelope squirrel. The project’s original developer, First Solar, has agreed to construct and operate the Topaz project. Construction began in November 2011 and is expected to be complete by early 2015. Pacific Gas and Electric Company has signed a 25-year agreement to purchase electricity from Topaz, helping the utlity meet a state mandate to generate 33 percent of its power from renewable sources by 2020. forbes.com

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