SunPower Corp said it sold two large solar projects in California to a company controlled by Warren Buffett's Berkshire Hathaway Inc, and would receive up to $2.5 billion in proceeds and related contracts. The Antelope Valley solar projects, which SunPower says is the world's largest photovoltaic power development, have been sold to a unit of MidAmerican Energy Holdings Co, a part of Berkshire Hathaway.Construction for the projects -- with a combined capacity of 579 megawatt -- will begin in the first quarter of 2013 and is expected to be completed by the end of 2015.SunPower will get between $2.0 billion and $2.5 billion for the projects including charges for designing, installing and constructing the projects, the company said in a regulatory filing on Wednesday.Shares of SunPower were up 9 percent at $6.14 in afternoon trading on the Nasdaq.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 3.62% or $4850.0/share to $138910.00. In the past year, the shares have traded as low as $113855.00 and as high as $136345.00. On average, 75456 shares of BRK-A exchange hands on a given day and today's volume is recorded at 580.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 3.24% or $2.91/share to $92.61. In the past year, the shares have traded as low as $75.86 and as high as $90.93. On average, 4468370 shares of BRK-B exchange hands on a given day and today's volume is recorded at 4508988.
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