Warren considers Suntech bid

Shares in troubled Chinese solar manufacturer Suntech Power leapt 28 per cent yesterday on unconfirmed reports that US billionaire Warren Buffett was considering a bid for the company.

A number of other Chinese solar firms – including Trina Solar which separately announced that it would return to profitability during the second half of the year – also saw their share price rise on the news.
MidAmerican declined to comment on the speculation, but any deal would fit into a pattern whereby Buffett has backed a series of high-profile clean tech companies and renewable energy projects.