NewEnergyNews

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Tuesday, 14 May 2013

HUGE BUFFETT WIND BUY IN IOWA

Posted on 05:03 by Unknown
MidAmerican Energy will invest $1.9 billion in wind projects in Iowa

William Petroski, May 8, 2013 (Iowa Politics)

“…MidAmerican Energy will make a $1.9 billion investment in Iowa for wind energy projects that will be the biggest single economic investment ever in the state…MidAmerican officials said no sites have been selected yet…MidAmerican Energy Co. will add up to 1,050 megawatts of wind generation, consisting of up to 656 new wind turbines, in Iowa by year-end 2015…The wind expansion will enhance economic development and provide in excess of $360 million in additional property tax revenues over the next 30 years…Landowner payments totaling $3.2 million per year also are expected…

“…[T]he expansion is planned to be built at no net cost to the company’s customers and will help stabilize electric rates over the long term by providing a rate reduction totaling $10 million per year by 2017, commencing with a $3.3 million reduction in 2015, MidAmerican officials said…MidAmerican Energy began building wind projects in 2004. To date, 1,267 wind turbines [and 2,285 megawatts of wind generation capacity] have been installed in Iowa, representing a total investment of approximately $4 billion. [It is No. 1 in wind ownership among rate-regulated utilities] In light of the recent federal wind production tax credit extension, the company said it is asking to expand its wind generation capacity…”

click to enlarge

“MidAmerican Energy estimates that by January 2016, when all new wind generation is expected to be operating, it may be capable of generating approximately 39 percent of its retail generation output through wind generation during that month…If the expansion is approved by the Iowa Utilities Board, MidAmerican Energy will own and operate approximately 3,335 megawatts of wind generation capacity in Iowa by year-end 2015, officials said…

“…[C]ompanies such as Facebook and Google want clean energy, so the move also could attract new developments…[T]he project will keep Iowa on track to generate 10,000 megawatts of wind power by 2020, and will help support jobs at turbine-component businesses and blade manufacturers…The utility’s project will boost Iowa’s overall nameplate wind generation, from all sources, by 20 percent, to 6,000 megawatts from 5,000 megawatts currently…The U.S. Department of Energy has estimated that Iowa would have to produce 10,000 megawatts of wind energy by 2020, and 20,000 by 2030 to meet environmental groups’ goal to have the country produce 20 percent of its power from wind by 2030.”

Tweet

Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest
Posted in | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • NEW ENERGY IN THE 2012 MARKET
    Clean Edge Stock Index Update – Q2 2012; Quarterly update on CELS, QWND, and QGRD through June 30, 2012 August 21, 2012 (Clean Edge) “CELS i...
  • SOLAR PRICES CONTINUE TO FALL
    Costs Of Solar Energy Rapidly Declining Throughout U.S. Market 27 November 2012 (Solar Industry) “The installed price of solar photovoltaic ...
  • WIRELESS BLDG ENERGY MANAGEMENT SPREADING
    Wireless Control Systems for Smart Buildings; ZigBee, EnOcean, Wi-Fi, and Other Wireless Networks for HVAC, Lighting, Fire & Safety, and...
  • SUN SCORES HIT ON WALL STREET
    SolarCity's Stock Debut: Wall Street Success In A Struggling Market? Jessica Lillian, 13 December 2012 (Solar Industry) "Shares in…...
  • (no title)
    Beautifully stated. Tweet
  • ALL WIND WANTS IS WHAT NAT GAS GOT
    In a shale state, give wind power its respective due Jeff Perkins, November 12, 2012 (Pennsylvania Patriot-News) “…Shale gas [went from a bi...
  • A ROADMAP FOR BIG SOLAR
    Obama Administration Releases Utility-Scale Solar Development Roadmap 15 October 2012 (Solar Industry) “…[The Department of Interior (DOI)] ...
  • WIND FARMS IN THE SUBURBS
    Developer Makes The Case For Urban Wind Energy Development Mark Del Franco, 31 January 2013 (North American Windpower) “Kruger Energy's ...
  • NEW ENERGY CAN BE $1.9 TRIL BY 2018
    The domestic clean energy economy needs national policies to innovate, manufacture, and compete January 17, 2013 (The Pew Charitable Trusts)...
  • STORING HEAT FOR POWER
    Thermal Energy Storage; Thermal Storage for HVAC in Commercial Buildings, District Cooling and Heating, Utility and Grid Support Application...

Blog Archive

  • ▼  2013 (231)
    • ►  August (15)
    • ►  July (45)
    • ►  June (28)
    • ▼  May (29)
      • WIND WORKS FOR BIRDS
      • UK NEW ENERGY WOULD SAVE RATEPAYERS BILLIONS
      • SOLAR POWER TOWER NEARING COMPLETION
      • GOOGLE BUYS FLYING WIND
      • LOOKING AHEAD AT U.S. WIND AND SUN
      • TESLA PAYS BACK DOE LOAN WITH INTEREST
      • SPECIAL THING TO THINK ABOUT
      • EARLY RESULTS SHOW WIND CAN PROTECT EAGLES
      • WHAT THE U.S. CAN LEARN FROM GERMAN SOLAR SUCCESS
      • TEXAS GROWING NEW ENERGY, QUADRUPLES SUN
      • U.S. EMISSIONS DROP AS ELECTRICITY OUTPUT RISES
      • WTO RULES FOR IMPORTED SUN
      • THE SPACES BETWEEN THE WINDS
      • INSURANCE COMPANIES PREPARE FOR CLIMATE CHANGE
      • UTILITY GOES FOR BETTER SUN, WIND FORECASTS
      • UK’S GREEN BANK BRINGS THE BIG BUCKS
      • MINNESOTA’S SOLAR AMBITIONS IN CONTEXT
      • RHODE ISLAND’S FIGHT OVER OCEAN WIND
      • VC MONEY FOR SMART GRID STEADY
      • MINNESOTA LOVES WIND
      • HUGE BUFFETT WIND BUY IN IOWA
      • THE VALUE OF ARIZONA’S SUN
      • BRIGHTSOURCE EXEC TALKS SOLAR TOWER TECH & BIZ
      • WIND SAVES MONEY FOR RATEPAYERS – STUDY
      • HOW BIG OIL USES REPUBLICANS
      • Senator Blasts Senator For Using Bible To Deny Cli...
      • GERMANY OFFSHORE WIND SUCCESS
      • DUKE WANTS NEW ENERGY
      • SELLING SOLAR
    • ►  April (33)
    • ►  March (36)
    • ►  February (27)
    • ►  January (18)
  • ►  2012 (269)
    • ►  December (30)
    • ►  November (35)
    • ►  October (25)
    • ►  September (26)
    • ►  August (39)
    • ►  July (39)
    • ►  June (27)
    • ►  May (48)
Powered by Blogger.

About Me

Unknown
View my complete profile