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July 26, 2018updated 23 Nov 2021 6:16pm

EDF to sell 91MW Ivester wind project in Iowa to MidAmerican Energy

Independent power producer (IPP) EDF Renewables North America has signed an asset purchase agreement (APA) to sell the proposed Ivester wind project to MidAmerican Energy.

Independent power producer (IPP) EDF Renewables North America has signed an asset purchase agreement (APA) to sell the proposed Ivester wind project to MidAmerican Energy.

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In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
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Financial details of the deal have not been disclosed by either company.

Located in Grundy County, 85 miles northeast of Des Moines, Iowa, Ivester wind project will feature 35 wind turbines supplied by Siemens-Gamesa and will have the capacity to generate 91MW of clean energy.

“Ivester is slated for completion by the end of this year and will be generating enough clean energy to power more than 38,000 average Iowa homes.”

EDF Renewables North Region development vice-president Kate O’Hair said: “We are pleased to once again work with MidAmerican Energy to assist them in meeting their renewable energy goals. This opportunity expands on our long-term business relationship, having partnered on 771MW of wind facilities in Iowa.”

Based in Des Moines, Iowa, MidAmerican Energy is a subsidiary of Berkshire Hathaway Energy.

MidAmerican Energy is acquiring Ivester Wind Project as part of its 2GW Wind XI project, which was announced in April 2016.

Ivester is slated for completion by the end of this year and will be generating enough clean energy to power more than 38,000 average Iowa homes.

By 2020, MidAmerican Energy expects its annual renewable energy generation to reach a level that will be sufficient to support more than 90% annual retail usage of its customers.

O’Hair further added: “The development of renewable energy is a critically important task for the nation and for local rural communities.

“We applaud MidAmerican Energy for their vision and commitment to construct additional wind energy generation and allow economic and environmental benefits to preserve the rural Iowa lifestyle.”

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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