Jenna Ladd | April 4, 2017
The state of Iowa is projected to source 40 percent of its energy from wind by the year 2020 according to a recent report.
Navigant Consulting released an analysis last week predicting wind-related economic development in the state. According to the report, wind power is expected to provide 17,000 additional jobs and $9 billion in economic activity over the next three years. The Hawkeye state has already benefited from $11.8 billion in project investment and more than 8,000 wind-related job placements.
Kathy Law is a real estate lawyer for wind developers and comes from a long line of Iowa farmers. In an interview with Yale’s Climate Connections, she said, “I think for the most part it’s helpful just that I’m a farmer that can talk the language with the farmers.” Law pointed out that wind can provide a steady income flow for landowners. She added, “It’s a product just like our corn and soybeans. Why not harness it and benefit from it?”
Wind development in Iowa also generates tax dollars for the state. Over the next four years, wind-related projects are expected to yield $370 million in property, income and sales tax. This money, which flows into counties, helps to pay educators, pave roads and provide rural medical care.
Nationwide, wind energy provides 5.5 percent of all electricity used. In Iowa, wind provides 36 percent of electricity used. In terms of wind-energy employment, Iowa is second only to Texas and is expected to continue leading the way in renewable energy through 2020.
Tom Kiernan is CEO of the American Wind Energy Association. He said, “Wind does not provide just well-paying jobs either, many Iowans also know wind farms are the new ‘drought-resistant cash crop’ in Iowa, paying up to $20 million a year to Iowa farmers.”