Berkshire Hathaway (BRK.A) unit MidAmerican Energy is paying $2-2.5B for two solar projects that...

|About: Berkshire Hathaway Inc (BRK.A)|By:, SA News Editor

Berkshire Hathaway (BRK.A) unit MidAmerican Energy is paying $2-2.5B for two solar projects that it's buying in California from SunPower (SPWR), which is also receiving a three-year contract to build them, and a multi-year deal to operate and maintain them. SunPower closed +9.1% yesterday following news of the deal. The acquisition is Warren Buffett's third major solar PV deal in a year.