US-based Alliant Energy Iowa utility has reached a settlement with the customer groups on its proposed new wind project, which supports the company’s vision to expand renewable energy in Iowa.

Alliant Energy's proposed expansion of its Whispering Willow Wind Farm in Franklin County, Iowa, is expected to add 500MW of low-cost, reliable and renewable energy.

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Announced in July, the $1bn investment will see 250MW of new wind in service in 2019 and the remaining 250MW in service in 2020.

"The goal of this project is to bring additional low-cost, clean energy to our customers and the State of Iowa."

It is expected to create more than 1,500 jobs for Iowa at the peak of construction and add tens of millions in local property taxes in the first 20 years.

The new project is also expected to significantly increase the amount of economical, environmentally beneficial wind energy it supplies to customers.

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Alliant Energy Iowa utility president Doug Kopp said: “The goal of this project is to bring additional low-cost, clean energy to our customers and the State of Iowa.

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“This settlement, which is the result of thoughtful discussions among the parties, is a significant step in achieving that goal.”

Apart from Alliant Energy, parties to the non-unanimous settlement includes the Office of Consumer Advocate, a division of the Iowa Department of Justice, the Iowa Business Energy Coalition, and the Large Energy Group.

The project is subject to approval by the Iowa Utilities Board, and includes a settlement and a hearing scheduled later this month.

Whispering Willow Wind Farm spans 33,000 acres and boasts 121 turbines with a capacity to generate 200MW. It began commercial operation in late 2009.