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Siemens to supply 448 wind turbines to Buffett's MidAmerican Energy

  • Siemens (SI+2.9% premarket after agreeing to sell 448 wind turbines and provide service for several years to MidAmerican Energy, Berkshire Hathaway's (BRK.A, BRK.B) power business, in SI’s biggest-ever order for land-based wind equipment.
  • Wind turbines typically cost ~$1M for each MW of capacity, making the deal worth more than $1B, the head of Siemens Energy’s wind power division says, without providing an exact price.
  • MidAmerican will equip five wind power projects in Iowa with the wind turbines and provide energy for nearly 320K homes.
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