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