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

|About: Siemens AG (SIEGY)|By:, SA News Editor

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.