NEW YORK ( TheStreet) -- Berkshire Hathaway (BRK.A) subsidiary MidAmerican Energy's $5.6 billion cash deal for Las Vegas utility NV Energy (NVE) sheds light on the conglomerate's plans in renewable energy as large investments in solar energy plants built by First Solar (FSLR) and SunPower (SPRW) come online in coming years.
MidAmerican Energy, which recently bought three of the largest solar energy plants in the world, is poised to be among the world's top generators of renewable energy by 2015. Already, Berkshire's energy subsidiary is the top generator of wind energy in the U.S. and has renewable assets of 1,830 megawatts, according to company projections.
Acquisitions such as NV Energy and Berkshire's stated plan for $100 billion in capital expenditure at MidAmerican Energy over the next 10 to 15 years also indicate Berkshire will be an aggressor in the utilities sector in coming years.
Wednesday's deal, which values NV Energy at $23.75 a share, or an enterprise value of about $10 billion, will allow MidAmerican Energy to scale its significant investment in solar and wind energy generation, according to Wall Street analysts.
"NV Energy's desire to invest in renewables and related transmission assets in Nevada parallels
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