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MidAmerican Energy proposes $3.9 billion renewable energy project in Iowa

MidAmerican Energy announced plans this week for a $3.9 billion renewable energy project in Iowa, including wind and solar generation, plus exploration of new technologies to advance the company’s transition to net-zero greenhouse gas emissions.

In a statement Wednesday, MidAmerican Energy said the proposed project, called Wind PRIME, would add 2,042 megawatts of wind generation and 50 megawatts of solar generation.

In addition, MidAmerican stated that Wind PRIME will provide an average of $24 million-plus per year in local property tax payments on wind turbines and solar facilities, as well as more than $21 million in annual landowner easement payments.

The company also proposed conducting feasibility studies focused on other clean generation technologies, including carbon capture, energy storage and small modular nuclear reactors.

MidAmerican estimates that the Wind PRIME project will create more than 1,100 full-time jobs during the construction phase and another 125 full-time positions for ongoing operations and maintenance.

If approved, the company plans to complete construction in late 2024 

1 Comment

  • Cornhead
    Posted January 24, 2022 at 1:03 pm

    Why doesn’t this story report that BRK will probably get a 30% federal income tax credit for these projects? That’s over a one billion dollars! BRK is sheltering its BNSF income with this MidAmerican Energy investment. Why are wind and solar being subsidized?

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MidAmerican Energy proposes $3.9 billion renewable energy project in Iowa | Clay & Milk

MidAmerican Energy announced plans this week for a $3.9 billion renewable energy project in Iowa, including wind and solar generation, plus exploration of new technologies to advance the company’s transition to net-zero greenhouse gas emissions.

In a statement Wednesday, MidAmerican Energy said the proposed project, called Wind PRIME, would add 2,042 megawatts of wind generation and 50 megawatts of solar generation.

In addition, MidAmerican stated that Wind PRIME will provide an average of $24 million-plus per year in local property tax payments on wind turbines and solar facilities, as well as more than $21 million in annual landowner easement payments.

The company also proposed conducting feasibility studies focused on other clean generation technologies, including carbon capture, energy storage and small modular nuclear reactors.

MidAmerican estimates that the Wind PRIME project will create more than 1,100 full-time jobs during the construction phase and another 125 full-time positions for ongoing operations and maintenance.

If approved, the company plans to complete construction in late 2024 

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