Jan 2 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
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.