Iowa Orders Vestas Turbines for Giant Wind Power Project
23 September 2016 - 7:34PM
Dow Jones News
By Kjetil Malkenes Hovland
Danish wind turbine maker Vestas Wind Systems (VWS.KO) said
Friday that it had received a partial order for Iowa's biggest wind
power project from a U.S. utility owned by Warren Buffett's
Berkshire Hathaway Inc.
The 214-megawatt order, which will be delivered in the form of
two-megawatt turbines, is part of MidAmerican Energy's $3.6 billion
Wind XI project, which was approved last month by the Iowa
Utilities Board. Future orders and deliveries for the project are
expected to come in bursts under a master agreement, and will be
announced as they occur, Vestas said.
The Wind XI project will have a capacity of 2,000 megawatts when
completed in 2019, bringing MidAmerican's power mix to around 85%
renewables, close to its long-term 100% renewable energy target.
Vestas said the order would benefit from a U.S. production tax
credit for renewable energy that was extended last year.
"As the only state to generate more than 30% of its energy from
wind, Iowa leads the country," said Chris Brown, president of
Vestas' sales and service division in the U.S. and Canada. "It's an
honor to be a part of the largest wind project in the state's
history."
MidAmerican Energy serves around 752,000 electricity buyers and
733,000 natural gas customers in Iowa, Illinois, Nebraska and South
Dakota.
Write to Kjetil Malkenes Hovland at
kjetilmalkenes.hovland@wsj.com<mailto:kjetilmalkenes.hovland@wsj.com>
(END) Dow Jones Newswires
September 23, 2016 05:19 ET (09:19 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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