Sunday, December 4, 2011

T. Boone Pickens scraps huge wind farm project - San Antonio Business Journal:

antoninahubihe.blogspot.com
Pickens, who made much of his fortune buying up oil and gas companiews inthe 1980s, put off the wind powee project because of the difficulty of getting credi t for it in the sour economy. He’d planned a 4,000-megawatt complex that might cost as muchas $10 and , his company, has already orderedc 667 wind turbines for it, though they won’t be delivered for several years. One problem facin the huge projectin Pampa, on U.S. Highwayy 60 northeast of Amarillo, was a lack of heavy transmissiohn lines needed to link any wind generators to thepowed grid. “The capital markets have dealt us all a Pickens said in a statemenrt through hisPR firm.
“I am committed to 667 wind turbines and I am going to find projectsfor them.” “Ij expect to continue development of the Pampa but not at the pace that I originally expected,” Pickens

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