By Editors of Power Engineering
MidAmerican Energy is in the process of a massive wind energy push that will move the company very close to its goal of using 100 percent renewable energy.
The company plans to build 1,000 wind turbines across Iowa over the next two years, which will move the utility’s share of renewable generation from 55 percent now to 90 percent, the Omaha World-Herald reported.
CEO Bill Fehrman said reaching that goal would require an additional $2 billion and 550 turbines. The utility currently operates over 2,000 in the state.
“It would set a new precedent for the U.S.,” said Daniel Shurey, a Bloomberg New Energy Finance analyst. “It will require a company that really knows what it’s doing. It will be challenging for them to provide security of supply, and that’s not something MidAmerican will take lightly.”
Ferhman said rates for customers would be frozen through at least 2029 as wind generation can keep costs down.
The Omaha World-Herald said Iowa’s other major utility, Alliant Energy, plans to increase its share of wind generation to 30 percent in seven years.