Berkshire Provides Financing for Texas Wind Farm

(BRK.A), (BRK.B)

Berkshire Hathaway’s MidAmerican Wind Tax Equity will provide some of the financing for the Rattlesnake wind project in McCulloch County, Texas. Also providing financing is Citi.

The wind farm project is being built by Renewable Energy Systems (RES) and Chicago-based Goldwind Americas, a subsidiary of China’s Xinjiang Goldwind Science & Technology.

The project will consist of 64 Goldwind 2.5MW Permanent Magnet Direct-Drive (PMDD) 109m turbines, and will be the largest U.S. wind project that Goldwind has outfitted to date.

Goldwind is aggressively building wind projects around the world, and in May announced it will begin construction of a 149 wind turbine, 530MW wind farm to be called the Stockyard Hill Wind Farm in Australia.

RES is the world’s largest independent renewable energy company with a 12 GW portfolio of wind and solar energy projects.

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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