Clean Power Warren buffet

Published on June 12th, 2014 | by James Ayre


Warren Buffett Investing $15 Billion More Into Renewables

June 12th, 2014 by  

Image Credit: Buffet via Flickr CC

The Warren Buffet cash-train appears to still have more on it for renewables, based on recent statements made by the mega-investor.

While making a speech at a conference in Las Vegas earlier this week, Buffet made the comment that while his Berkshire Hathaway investment house had already invested around $15 billion into the clean energy sector there was “another $15 billion ready to go, as far as I’m concerned.”

Not an insignificant amount of money. 🙂 And considering that Buffet is already one of the largest clean tech investors in the US, another $15 billion would put him well above nearly anyone else.

The investments aren’t likely to stop there, though, as Bloomberg notes:

Unlike other utility-holding companies, Berkshire Hathaway Energy retains all of its earnings. That probably will continue, Buffett said yesterday, estimating that the unit could reinvest about $30 billion into its business in the next decade.

“We’re going to keep doing that as far as the eye can see,” he stated. “We’ll just keep moving.”

In related news, Warren Buffet’s news agency, PR Newswire, recently ran a strongly worded report calling on Congress to reinstate production tax credits for renewables.

The report highlights, in detail, the employment costs of “federal uncertainty” over PTCs — making the case for state legislators to resist fossil fuel industry–funded attacks on pro-renewable energy policies.

Specifically, the report calls for the reinstatement of PTCs for “wind power, biofuels, and energy efficiency technologies,” a worthwhile cause, but hard to say if the report will have much of an impact.

Image Credit: White House

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About the Author

's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.

  • Larry

    Warren Buffet is a man with a conscience. He actually gives a damn about something besides making money. Too bad the Koch Bros aren’t cut from the same cloth.

    • Bob_Wallace

      The Koch brothers believe in something other than making money. They have a very major political agenda.

      Their father, Fred, was one of the people who helped found the John Birch Society. They fell not far from the tree.

      • Larry

        I’m aware that the Koch Bros would like to rule the world {U.S. first of course]. I was trying to be kind in my comments. I personally find the Koch Bros to be a more serious menace to the world than global warming

        • Bob_Wallace

          The Koch boys have backed a losing horse. The Tea Party has created an enemy that will take it down. The Republican Corporate/Rich Person Party.
          The Kochs have largely done their damage. They’ve slowed the movement away from coal to renewables, but that’s now a lost battle. We’ve quit building coal plants, we’re closing hundreds, and renewables have become some of our cheapest ways to generate electricity. The rest of the market will walk all over the Kochs now.

          Wind and solar are on their ways to becoming “big business”. Storage is very likely to join them over the next few years. Renewables are gaining political power.

          • Larry

            Thank God for that! maybe there is hope for my grandchildren yet.

  • Doug Cutler

    What do we know of for sure? $1.9B for wind and $230M BYD EVs. What else?

  • Bob_Wallace

    The info I’ve found to date is that Buffet has invested $15 billion in renewables and natural gas. I haven’t found a renewable/NG breakdown.

  • Calamity_Jean

    Warren Buffet is a man who really loves his children. He won’t leave them any of his fortune, but he’s trying to leave them a livable world.

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