Buffett’s PacifiCorp Plans $3.5 Billion Clean Energy Expansion

Source: By Joe Ryan, Bloomberg • Posted: Wednesday, April 5, 2017

PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway Inc., plans to spend $3.5 billion on clean-energy projects that include 3 gigawatts of new wind and solar farms.

The plan calls for developing 1.1 gigawatts of wind projects, mainly in Wyoming, by the end of 2020, Portland, Oregon, based PacifiCorp said in a statement Tuesday. The company will also upgrade 900 megawatts of existing wind capacity by 2020, adding larger blades that generate more power, and will build another 859 megawatts of wind power and more than 1 gigawatt of solar farms between 2028 and 2036.

PacifiCorp will also begin construction on a 140-mile (225-kilometer) transmission line to ship power from wind farms in southwestern Wyoming. It will be part of the larger Gateway West transmission project that calls for 1,000 miles of new high-voltage transmission lines in Wyoming and Idaho.