MidAmerican Energy’s plans to install 52 wind turbines in Madison County, Iowa are likely to be … [+]
Photo illustration by Mary Bryce. Photo of Roseman Covered Bridge, Madison County, Iowa by Teddi Yaeger via Wikimedia Commons.
Back in 2014, Warren Buffett, the chairman and CEO of Berkshire Hathaway
BRK.B
, famously said “We get a tax credit if we build a lot of wind farms. That’s the only reason to build them.”
Since then, MidAmerican Energy, a Berkshire Hathaway subsidiary, has aggressively built lots of wind farms and now expects to collect $10 billion in federal tax credits on the $12.9 billion it has spent erecting wind turbines. But Buffett’s company’s push to add even more turbines in Iowa is…