Microsoft, Facebook, Google Oppose Buffett-Backed Wind Farm Project

It's Warren Buffett versus Google, Facebook and Microsoft, according to a recent article by Bloomberg. (Alternate URL here.) Google, Facebook and Microsoft Corp. — three of the world's biggest corporate buyers of clean power — are sounding the alarm that a nearly $4-billion, Warren Buffett-backed renewable-energy project proposed in Iowa isn't necessarily in the best interest of customers, including them. If approved, it would be the largest complex of wind farms in the entire country when it comes online by the end of 2024, producing enough electricity for more than 700,000 homes. MidAmerican Energy, a utility owned by Buffett conglomerate Berkshire Hathaway Inc., has asked state regulators to approve terms including a guaranteed 11.25% rate of return before starting construction on a project it says will help in its efforts to trim carbon emissions by 75% compared to 2005 levels. But the big-name tech giants that operate data centers in the state warn the project, dubbed Wind Prime, could drive up electricity costs. MidAmerican, they say, should consider alternatives.... The fight is an important one to watch because it demonstrates the increasing influence technology giants have on the energy transition. Tech companies have pushed utilities in other parts of the U.S. to offer more clean energy options as they seek to clean up the sources of power for their energy-intensive operations. And since they buy so much power, the utilities often listen to them.... Facebook, which also buys large amounts of power to run data centers in Iowa, referred to the proposed project in a joint regulatory filing with Google as an "exceedingly costly, massive increase in generation that MidAmerican has not demonstrated is necessary." Last month, Microsoft filed its own petition with the Iowa Utilities Board saying it planned to join the tech-customer coalition. Facebook and Google specifically complain that "Without a resource planning analysis, it is difficult if not impossible to assess all feasible alternatives to replace/expand existing generation capacity and which alternatives are a reasonable, cost-effective way to meet reliability requirements, forecasted customer need, a diversified fuel mix, and the like, or if it is simply being proposed to drive utility — or parent company — profitability.... "Wind Prime is an exceedingly costly, massive increase in generation that MidAmerican has not demonstrated is necessary or reasonable in light of other feasible alternatives. Before customers are forced to bear the increased costs that this project will result in, Wind Prime should be carefully considered by the Board through a complete record informed by a full and thorough discovery process."

Read more of this story at Slashdot.

from Slashdot https://ift.tt/ypKlA82

Share on FacebookPlus on Google+

SUBSCRIBE TO OUR NEWSLETTER