ApocaDocs: Buffett's MidAmerican Awards Siemens Biggest Wind-Turbine Order

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Posted Mon Dec 16 2013: from Bloomberg News:


	Buffett's MidAmerican Awards Siemens Biggest Wind-Turbine Order http://apocadocs.com/s.pl?1387204310 MidAmerican Energy Holdings Co., the power unit of Warren Buffett's Berkshire Hathaway Inc. (A:US), agreed to buy wind turbines valued at more than $1 billion from Siemens AG (SIE) for five projects in Iowa, in the supplier's biggest order to date for land-based wind equipment. Siemens will provide 448 of its 2.3-megawatt turbines with total capacity of almost 1,050 megawatts, enough to power about 320,000 households... "The U.S. is leading the way toward grid parity," Tacke said, the point when the price for power from renewable sources becomes competitive with conventional sources of energy such as natural gas and coal. "The industry needs volume and these large orders help drive down the costs of wind power."

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'Doc Jim says:

When we hit grid parity let's throw a grid party!