MidAmerican Signs Longterm Wind-Power Services Deal With Siemens

Oct. 30 (Bloomberg) — MidAmerican Energy Co., the utility
owned by Warren Buffett’s Berkshire Hathaway Inc., has signed an
agreement through June 2024 with Siemens AG to support a dozen
wind farms in Iowa.

Siemens will provide service and maintenance for 958
turbines that will have a combined capacity of more than 2.2
gigawatts, according to a statement today. Financial terms of
the agreement weren’t disclosed.

Eight of the wind farms are in operation, with the
remainder expected to begin generation during the agreement,
Munich-based Siemens’s largest onshore service contract. The 12
projects will power about 665,000 Iowa homes.

MidAmerican, based in Des Moines, Iowa, said Oct. 10 it was
committing an additional $280 million to generate wind power in
the state.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Jim Efstathiou Jr., Carlos Caminada

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