Utility power generator MidAmerican Energy has proposed a $3.9 billion renewable energy project, called ‘Wind PRIME," to include will include wind and solar generation in Iowa.
The project will add 2,042 MW of wind generation and 50 MW of solar generation. The firm will also conduct feasibility studies for other clean generation technologies, like energy storage, carbon capture and small modular nuclear reactors.
The Wind PRIME project is MidAmerican Energy’s 13th renewable energy generation development. It will enable the firm to provide 100% renewable energy to its customers in Iowa.
“The Wind PRIME project will position us and our customers for a sustainable future, while ensuring we continue to deliver affordable and reliable energy," MidAmerican Energy CEO Kelcey Brown said.
The completion of this project and its existing non-carbon resources are expected to result in a 75% reduction of CO2 from the 2005 levels. Wind PRIME will also study other emerging technologies, which will help MidAmerican Energy meet customer demand for renewable generation and low-carbon and non-carbon generation.
The firm intends to complete construction of the project in late 2024.
Iowa Governor Kim Reynolds added, “MidAmerican’s Wind PRIME is a commitment and investment on a whole new level, cementing Iowa’s clean energy leadership for many years to come. Beyond that, though, the company’s commitment to study and pursue emerging clean energy technologies will help Iowa meet the growing demand for a sustainable economy that manages our carbon footprint.”
MidAmerican Energy is owned by a division of Warren Buffett's Berkshire Hathaway holding company.
