June 1, 2018 Read More →

MidAmerican Plans for 100% Wind by 2021

Des Moines Register:

MidAmerican Energy said Wednesday it plans to invest $922 million in added wind-power capacity, equaling as much renewable energy as its customers use.

“If the project is approved, it will allow our customers to get 100 percent of their annual energy use from a clean, renewable and cost-effective source,” said Adam Wright, MidAmerican’s CEO. “This is, no doubt, historic.”

MidAmerican said it will be the first investor-owned electric utility nationally to meet the goal, which the Des Moines utility announced in 2016.

The latest wind investment, expected to be completed in late 2020, would enable the company to freeze consumer rates, possibly up to 15 years, MidAmerican said. “With wind, we don’t need to buy fuel to make the energy,” Wright said. “This is a big reason why MidAmerican Energy’s rates are 37 percent below the national average.”

MidAmerican needs the Iowa Utilities Board approval before it can move forward with the project.

MidAmerican’s newest project would add 591 megawatts of wind generation. With nearly 2,200 turbines, the company’s wind generation capacity is 4,400 megawatts. It has 27 wind farms across Iowa. With its newest project, MidAmerican will have invested about $12.3 billion in wind generation in Iowa since 2004.

More: MidAmerican Will be First to Create Enough Wind Energy to Cover 100% of Consumer Use

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