LG, Hyundai Heavy join U.S. solar deal
SEOUL, SOUTH KOREA - South Koreas LG Electronics and Hyundai Heavy Industries have joined a $1 billion solar power project in the United States as lead partners, their U.S. partner said.
Matinee Energy Inc said in a statement the project, involving the building of solar power plants with total capacity of 240 megawatts, would be joined by additional partners.
Matinee is targeting utility scale solar energy plants primarily in the southwest United States.
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Warren Buffett’s Secret To Cheap Electricity: Wind
OMAHA NE - In his latest letter to Berkshire Hathaway shareholders, Warren Buffett used the 20th anniversary of Berkshire Hathaway Energy to tout its cheap electricity bills for customers.
When Berkshire purchased the majority share of BHE in 2000, the cost of electricity for its residential customers in Iowa was 8.8 cents per kilowatt-hour (kWh) on average. Since then, these electricity rates have risen at a paltry <1% per year, with a freeze on rate hikes through 2028. As anyone who pays an electricity bill knows, that is an incredible deal.
As Buffett himself notes with alacrity, “Last year, the rates…
