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MidAmerican Energy announces plans for investment of approximately $900 million in new wind development

Ag/Outdoor, News

May 1st, 2015 by Ric Hanson

MidAmerican Energy Company announced today (Friday), the company has filed plans with the Iowa Utilities Board for the development of up to 552 megawatts of new wind generation in Iowa. MidAmerican officials say the company is in the process of obtaining necessary permits and easements for the construction of wind farms at two new sites. Pending IUB approval, the company plans to begin construction in spring 2016, with completion scheduled for the end of 2016. Total cost of the project is approximately $900 million.

Bill Fehrman, president and CEO of MidAmerican Energy said,the company continues to focus on developing wind projects because wind generation offers many clear benefits for MidAmerican Energy customers. Iowa Gov. Terry Branstad noted that MidAmerican Energy’s efforts have helped the state become a national leader in wind generation.

The energy company says increasing its investment in wind turbines gives them the ability to reduce its reliance on coal, which helps protect customers from rising costs associated with meeting stricter environmental standards.

Since 2004, MidAmerican Energy has invested approximately $5.8 billion building wind projects in Iowa, placing the company far ahead of all other rate-regulated utilities in the nation in terms of wind ownership. With the addition of the two projects announced today (Friday), MidAmerican Energy’s wind assets will include approximately 2,000 turbines, more than 4,000 megawatts of wind generation capacity and a total investment of approximately $6.7 billion.