New Wind Farm Advances Energy 2030 Goals
State regulators approved in November an application by our utility subsidiary, Madison Gas and Electric (MGE), to own and operate its largest wind farm to date. The 66-megawatt (MW) wind farm will be located about 200 miles west of Madison near Saratoga, Iowa. The project advances MGE's ongoing transition toward cleaner energy sources.
Construction-ready site in Saratoga, Iowa
The 13-square-mile site is well situated due to its strong winds and proximity to transmission infrastructure. The $107 million Saratoga Wind Farm will feature 33 turbines, standing nearly 500 feet tall.
Wind turbine technology has improved with larger turbines producing energy more efficiently and more cost effectively. Using the federal Production Tax Credit for wind allows MGE to provide clean, renewable energy to customers at a lower price than other options available.
MGE Energy is committed to making responsible investments to provide value for customers and grow our asset base. In the last 10 years, MGE Energy's assets have nearly doubled.
Clean energy project moves forward Energy 2030
Under its Energy 2030 framework, MGE will supply 30% renewable energy by 2030. Energy 2030 also sets a goal of reducing carbon emissions 40% from 2005 levels by 2030. MGE already has reduced carbon emissions 20% between 2005 and 2015.
Energy 2030 is the company's long-term, cost-effective strategy for providing safe, reliable and sustainable energy by harnessing the power of new technologies for the benefit of customers and investors.