Iowa Governor Outlines Renewable Energy Plan at Roundtable

March 15, 2007

Iowa Governor Chet Culver summarized his plan for promoting renewable energy on March 14 at a roundtable discussion with business and community leaders in Osage, Iowa. He said a $100 million fund, the Iowa Power Fund, would be key to making the state more energy independent.

"If we want to wean ourselves off foreign oil," he said, "we must fund renewable energy research and development and promote energy efficiency. Iowa can't afford to wait. I am thrilled to be sitting around a table with innovative leaders in this area to discuss how we should move forward."

Other speakers at the roundtable included representatives from Cedar River Wind Farm and Absolute Energy, an ethanol production facility.

Culver described how he saw the Iowa Power Fund being used:

  • The overall goal would be to make Iowa more energy independent, and to create and keep wealth in the state.
  • The fund would be used to spur research and commercialization of technologies related to renewable energy and energy efficiency.
  • A new office within the office of the governor would be created to further the goals of the Iowa Power fund. The office will be led by a new Director of Renewable Energy.
  • A new Power Fund Council would be created to determine which projects hold the most promise for the state. The council would include experts in renewable energy, research and development, and energy efficiency. It would also include members of agencies with renewable energy expertise, including IDED, IDNR, and Iowa Utilities Board.

The roundtable was the first in a series of meetings the governor has planned for this year that will focus on his plan to promote Iowa's renewable energy industry. The event was held at Fox River Mills, a knitting mill that has reduced its energy costs by more than 30 percent. The company manufactures organic socks and socks made from corn-based fibers. It recycles nearly 450,000 pounds of materials each year.

For more information on the roundtable, see the governor's March 15 press release.

To read more information about renewable energy and energy efficiency projects in Iowa, see: