(BRK.A), (BRK.B)
With 6.751GW of wind power owned or under contract, Berkshire Hahtaway Energy has moved into the top spot for utilities generating power through wind farms.
According to the American Wind Energy Association (AWEA), Berkshire passed Xcel Energy in 2017 to gain the top spot.
Berkshire’s MidAmerican Energy has set a goal of getting 100% of its energy generation from renewable sources, primarily wind power.
Other Berkshire utilities have also set ambitious goals.
PacifiCorp recently selected four new wind projects that will expand the amount of wind energy produced by 2020.
PacifiCorp’s owned and contracted wind power will increase by more than 60% and will.add enough wind power for approximately 450,000 average homes.
PacifiCorp’s new wind development is part of the company’s Energy Vision 2020 initiative, which also will upgrade the company’s existing owned wind fleet in Wyoming, Washington and Oregon with longer blades and newer technology, and build a new high-voltage transmission line in Wyoming to connect the new wind energy to PacifiCorp’s grid.
“We are committed to expanding the amount of renewable energy serving our customers, and these new wind projects will help us cost-effectively further that goal,” said Stefan Bird, President and CEO of Pacific Power, the unit of PacifiCorp that serves customers in Oregon, Washington, and California.
© 2018 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.