The project will add $360 million in additional property tax revenue, said Adam Wright, vice president of wind generation and development for MidAmerican. Farmers allowing turbines to be placed on their land will be paid $3 million a year.
“It will also continue to place Iowa at the forefront of renewable energy for the nation,” he said. “I think it’s significant for our state.”
Iowa leads the nation in the percentage of electricity generated by wind, getting 24.5 percent of its electricity from wind power in 2012, according to the American Wind Energy Association’s Annual Market Report.
MidAmerican is Iowa’s largest energy company, providing electricity to 734,000 customers and natural gas to 714,000 customers in Iowa, Illinois, Nebraska and South Dakota. MidAmerican began building wind generators in 2004, and it has more than 1,200 wind turbines in Iowa.