From 24/7 Wall Street:
Mid-American Energy, a holding of Berkshire Hathaway Inc. and therefore a holding of Warren Buffett, is about to get into the U.K. offshore wind power business [according to] reports from the weekend in the U.K's Times Online.
The new plan is meant to go off in phases off the coast of Kent in the U.K. and this round is said to be approximately 1 billion Pounds. That is $1.61 billion in today's dollars and is actually only about one-twelfth of the total estimated size of the auctions that will be made in the coming months and years.
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