• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 7 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 2 days "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 21 hours Advancing Fundamental Drilling Science - Geothermal drilling successes offer potential gain for petroleum industry
  • 4 days What China is Learning from Russia's War in Ukraine and its Consequences
  • 3 hours The World Economic Forum (WEF) - Davos 2022 Conference held this last week of May
Alberta Thrives Amid Oil Rally

Alberta Thrives Amid Oil Rally

Alberta’s economy is booming as…

Gasoline Prices Are Set To Spike This Week

Gasoline Prices Are Set To Spike This Week

Gasoline prices are set to…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

Buffett Eyes Largest Wind Power Project Ever In U.S.

Warren Buffett’s investment firm Berkshire Hathaway has proposed a plan for a renewable energy project comprising wind and solar power that would cost $3.9 billion to build.

The Wind Prime project, according to BloombergNEF analyst Ethan Zindler, stands to potentially be the single largest wind project ever built in the United States. However, Zindler told Bloomberg, there have been such massive projects before that had never gotten to the finish line, so “there’s a long way to go for this project.”

The Wind PRIME project will include over 5 GW of wind power and some 50 MW of solar power, to be built in Iowa, Berkshire Hathaway subsidiary MidAmerican Energy said in a statement.

The capacity of the project would be enough to power some 600,000 households, according to Bloomberg.

“Iowa is a renewable energy leader, thanks in large part to MidAmerican Energy’s proven track record of clean energy commitments and investments that are a true competitive advantage for our state,” said Iowa Governor Kim Reynolds.

“MidAmerican’s Wind PRIME is a commitment and investment on a whole new level, cementing Iowa’s clean energy leadership for many years to come.” Related: Asian Refiners Underwhelmed By Middle Eastern Oil Prices

MidAmerican Energy said in its statement that since 2014 it had invested some $14 billion in Iowa renewable energy projects. Now, besides the $4-billion wind-and-solar combo, the company also plans to invest in feasibility studies on other low-carbon energy technology, including carbon capture, energy storage, and modular nuclear reactors.

Wind power is already a significant energy source in Iowa, contributing over 40 percent of the state’s total energy output in 2019. As of the same year, Iowa’s nameplate wind power capacity stood at close to 10 GW.

Wind power in Iowa is also already a big business for Berkshire Hathaway—and Buffett himself noted how wind power had made the electricity bills of the company’s customers in Iowa much lower than those for electricity supplied by competitors.

“The extraordinary differential between our rates and theirs is largely the result of our huge accomplishments in converting wind into electricity,” Buffett said back in 2020, as quoted by Forbes.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Download The Free Oilprice App Today

Back to homepage

Leave a comment
  • Dan Scott on January 20 2022 said:
    With all that renewable power and not that many homes in Iowa, they should consider repurposing the green power into generating other green energy sources such as green NH3 and H2. The green NH3 can easily be pipelined to major hubs all over the mid-west. Iowa can become a major exporter of electricity and other green energy used in heavy transportation and fuel cells.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News