Warren Buffet’s MidAmerican Energy bets $3.6 billion on Iowa

Iowa wind turbine - Warren Buffet's MidAmerican Energy bets $3.6 billion on IowaRead also: Northwest Iowa a hotbed of economic activity

McClelland’s Beach welcomes Warren Buffet’s MidAmerican Energy and all our new friends landing in Iowa as wind energy creates jobs. We invite you to come visit and play in our neighborhood!

The location for the new $3.6 billion wind power project remains unknown, but the company is already heavily invested in Northwest Iowa wind farms.

Largest economic development project in Iowa history

“The proposed $3.6 billion project is the largest wind project MidAmerican Energy has ever undertaken, and it’s being done without asking for an increase in customer rates or financial assistance from the state to pay for it.”
MidAmerican Energy press release

“Every wind turbine you see in Iowa means income for farmers, revenue for counties and jobs for Iowa families.”
– Iowa Gov. Terry Branstad

Iowa hooks Alphabet Inc.’s Google, Microsoft Inc. and Facebook Inc.

Farmers and other landowners hosting wind farms receive lease payments, and wind-farm operators pay property taxes, which local governments use for schools and other expenses, (Iowa Gov. Terry Branstad) added. Iowa’s relatively low power prices and high renewable-energy quotient have attracted companies such as Alphabet Inc.’s Google, Microsoft Inc. and Facebook Inc. to the state.
Wall Street Journal

Published by Karin Livingston

Karin Livingston is a great-great granddaughter of McClelland's Beach founders William and Margaret McClelland. For details, visit her LinkedIn profile: https://www.linkedin.com/pub/karin-livingston/29/a4a/b72

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