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• MidAmerican Energy is Berkshire Hathway Energy’s subsidiary based in Des Moines
• The project titled Wind PRIME would add 2,042 MW of wind energy and 50 MW of solar energy
Warren Buffett’s MidAmerican Energy will develop a $3.9 billion project in Iowa that would incorporate both wind and solar power.
MidAmerican is a subsidiary of Berkshire Hathaway Energy which is a division of the Berkshire Hathway (NYSE: BRK.A) conglomerate. The company cited a filing addressed to the Iowa Utilities Board, stating that the project titled, Wind PRIME development, “would add 2,042 megawatts of wind generation and 50 megawatts of solar generation.”
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The energy company is based in Des Moines. MidAmerican says it would be their 13th renewable energy generation development.
Renewable energy in Iowa
The company said it had invested over $14 billion in renewable energy projects across Iowa since 2004. It generates over 7,000 GW of clean, renewable energy from more than 3,300 turbines spread across Iowa. The wind farms generate enough electricity to power over 2.3 million average households each year.
According to the American Clean Power Association, wind was Iowa’s “largest source of electricity generation” in 2020. With the Wind PRIME project, the company aims to deliver 100% renewable energy to its consumers in Iowa.
The company said that it delivered around 88% renewable energy annually to consumers across the state, in 2021.
Speaking about the development, Iowa Governor Kim Reynolds said, “Iowa is a renewable energy leader, thanks in large part to MidAmerican Energy’s proven track record of clean energy commitments and investments that are a true competitive advantage for our state. 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.”
The company mentioned that in case Wind PRIME gained approval, MidAmerican would wrap up construction “in late 2024.”
(With inputs from CNBC)
Picture credits: AppleInsider