MidAmerican Energy has initiated plans for a $4bn renewable energy project in Iowa, including wind and solar generation.
In a filing with the Iowa Utilities Board, MidAmerican’s proposed project, called Wind PRIME, would add 2042MW of wind generation and 50MW of solar generation.
The company also proposed conducting feasibility studies focused on other clean generation technologies, including carbon capture, energy storage and small modular nuclear reactors.
Since 2004, MidAmerican has invested approximately $14bn in renewable energy projects across Iowa.
“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,” Iowa Governor Kim Reynolds said.
“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.”
Wind PRIME has the potential to deliver 100% renewable energy to customers.
In 2021, MidAmerican estimated that it delivered 88% renewable energy on an annual basis to customers across the state.
When combined with MidAmerican’s other projects, the 2092MW Wind PRIME project would allow MidAmerican to provide renewable energy equal to its Iowa customers’ annual usage.
While thermal generation will remain a necessary part of the portfolio to ensure reliability for customers, the completion of Wind PRIME, in conjunction with existing noncarbon resources, is projected to result in an overall reduction of carbon dioxide by nearly 14 million metric tonnes, or approximately 75%, from 2005 levels.
Wind PRIME also proposes the study of emerging technologies that will help expand MidAmerican’s ability to meet its customers’ demand for renewable generation as well as lower-carbon and noncarbon generation.
MidAmerican estimates that the Wind PRIME project will create more than 1100 full-time jobs during the construction phase and another 125 full-time positions for ongoing operations and maintenance.
In addition, Wind PRIME will provide an average of $24m-plus per year in local property tax payments on wind turbines and solar facilities, as well as more than $21m in annual landowner easement payments.
If approved, the company plans to complete construction in late 2024.