The company's Wind Prime initiative calls for building nearly 2,100 megawatts of new wind and solar generation capacity. Des Moines-based MidAmerican Energy, the state's largest investor-owned utility, proposed investing $3.9 billion in new wind, solar and other renewable energy research and development. Why Iowa businesses surrendering state grain licenses is a sign the 'system is working'Īlready, Iowa utilities have announced large renewable projects. They offered hope and a new generation of manufacturing in the central Iowa town that had been almost solely focused for more than a century on building Maytag washers, dryers and other appliances. TPI and Arcosa, which occupied a portion of a former Maytag plant, were key to Newton's recovery. Liebl said he hopes the new law will help Arcosa Inc., a Texas company that makes wind turbine towers in Newton. TPI opened the Newton plant to much fanfare 13 years ago after the community had lost about 1,800 well-paying jobs when Maytag Corp., founded and headquartered in Newton, closed in 2007. Liebl said TPI and GE's decade commitment to the plant will be important for workers who consider rejoining the company. The company said it had an agreement in principle with GE to extend its lines in Mexico through 2025 and coming global agreements with Vestas, another wind turbine manufacturer. Your health is our focus We are a skilled nursing & rehabilitation facility in Newton, IA Our expert medical team is available 24/7. “While the wind industry continues to face near-term challenges, we are working with our customers to be ready to address their capacity needs when demand comes back to the market,' TPI's Siwek said. TPI said it had $129 million in cash on hand.Ī closed Iowa chicken processing plant gets new life with nearly $46 million in federal aid

The $1.5 million loss was less than the $30.7 million loss the same quarter a year earlier. TPI said Thursday its sales were $459 million for the quarter ending Sept.

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