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

26 July 2018 (Last Updated July 26th, 2018 11:32)

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.

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.”