Alliant Energy, a US based public holding company, will be investing about $1bn in the state of Iowa in order to expand its wind energy operations.
The company's Iowa utility is seeking regulatory approval to expand its Whispering Willow Wind Farm in Franklin County and possibly develop wind energy in other areas of the state.
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According to the company, the five-year project will add up to 500 megawatts of clean energy to economically meet customer needs.
Currently, the company is seeking approval to maximise the value of renewable energy tax credits to benefit its customers.
Alliant Energy Iowa utility president Doug Kopp said: “Our customers expect low-cost, clean energy, which is exactly what this project will bring to the communities we serve.
“Wind has no fuel costs and zero emissions, making it a win-win for Iowans and the Iowa economy.”
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By GlobalDataAs part of its vision for clean energy initiative, the company is focusing and developing wind projects across various states in US.
The company has set a goal to reduce carbon dioxide emissions by 2030.
Additionally, the project will be a good source to generate tens of millions of dollars of revenue in the form of property taxes.
The project will also create around 1,500 new jobs, and boost Iowa's economy as well as support customers seeking to use more renewable energy.
