It’s Always Sunny In Philadelphia
Well… not exactly, according to a New York Times article, the Interstate Renewable Energy Council seems to think the sun shines a little more favorably on California. That’s because California leads the nation in local solar-power systems, followed by New Jersey (Great news for Snooki!), Colorado and others. However, California’s lead in solar is diminishing as other states step up initiatives to increase the use of this renewable energy source. Mind you, California’s lead is still strong with 869MW out of the nation’s 1,831MW total solar power production (Second place NJ produces 221MW). Do you prefer the sun or the shade?
Warren Buffett Says SUN
Over the past six weeks, Buffett’s MidAmerican Energy Holdings Company purchased two solar projects, Topaz Solar Farm in Southern CA (see – told you CA was in the lead) and Agua Caliente in Arizona (AZ ranked #4 in the nation for solar power). The question is… why is Buffett all of a sudden so bullish on the solar market? Perhaps it’s due to the flaring activity in the sector this past week, compounded by the fact that assets are being considered as undervalued in the current market, making them an attractive long-term investment.