Jenna Ladd | September 1, 2016
A $3.6 billion dollar wind energy project was approved by the Iowa Utilities Board late last week.
The initiative is a part of MidAmerican Energy’s goal to eventually provide 100% renewable energy for its customers in Iowa. Expected to be completed by late 2019, the Wind XI project will add 1,000 wind turbines to Iowa’s grid. Ashton Hockman, a spokesperson for MidAmerican, said in an email earlier this week that while the exact locations are still being finalized, the farm will be located on multiple sites around the state. She added, “Wind XI will add up to 2,000 megawatts of wind generation in Iowa and is the largest wind project MidAmerican Energy has ever undertaken.”
MidAmerican Energy plans to earn back all $3.6 billion dollars through federal production tax credits over the course of ten years. As such, the company did not seek financial support from the state and will not need to raise rates for customers, according the MidAmerican representatives.
Iowa has long been a top producer of wind energy nationwide. It became the first state in the country to produce more than 30% of its total energy using wind earlier this year, and is second only to Texas in total megawatts produced, a state nearly five times its size.The project, first announced by MidAmerican CEO Bill Fehrman last April, will be the largest wind operation in the country according to the American Wind Energy Association (AWEA).
New findings from AWEA show that support for wind energy production is on the rise, even across party lines. Polling results show that public support for wind energy seems to rise as the industry grows. In Texas, the top wind producing state in the country, over 85% of voters support wind energy. Nationwide 70% of registered voters have a favorable impression of wind energy, including 60% of Republicans and Independent voters. As the election draws nearer, AWEA CEO Tom Kiernan said,
“Candidates running for office on both sides of the aisle in this important election year should take note: The more wind farms we build, the stronger support from U.S. voters grows. As wind power has more than tripled over the last eight years, so have its economic and environmental benefits. Wind technician is the fastest growing job in the U.S., and the billions of dollars of investment in local economies have revitalized many rural communities.”