$1.9 billion wind project coming to Iowa
America’s wind energy boom is about to deliver the biggest economic investment in Iowa’s history — and blow a whole lot of cheap, clean electricity into the appliances and lightbulbs of the state’s residents.
Warren Buffett’s MidAmerican Energy Co. announced it would spend $1.9 billion building new wind turbines in the state, increasing the amount of wind energy generated in Iowa to about 6,000 megawatts, up from 5,000 megawatts today, according to a report in the Des Moines Register. The state aims to have 10,000 megawatts of wind operating by 2020. From the article:
The company said the project would “be built at no net cost to the company’s customers.” The added wind generation is expected to cut consumer rates by $3.3 million in 2015 and grows to $10 million annually by 2017, the company said. “This is real money back in the pockets of Iowans,” [Lt. Gov. Kim] Reynolds [R] said. …
[Gov. Terry] Branstad [R] and [Midamerican CEO] William Fehrman said green energy has been critical to attracting companies like Facebook, the social networking giant that last month announced it would build a $300 million data center in Altoona. State leaders expect Facebook to push its investment to nearly $1 billion over six years.
Facebook has pledged to get 25 percent of its energy from renewable resources by 2015. …
Senate Minority Leader Bill Dix, R-Shell Rock, said he felt everything about MidAmerican’s announcement was positive for Iowa’s economy and for future job growth. “This is home-grown energy coming from right here in Iowa. It is renewable, it is clean, and that is all a good thing for Iowans,” he said.
Get Grist in your inbox