T. Boone Pickens cuts GE wind turbine order in half
Jan 12 - The Dallas Morning News
T. Boone Pickens cut his massive order for wind turbines from General
Electric in half.
The energy investor, who made wind power a key part of his plan to wean
Americans off of foreign oil, said Tuesday that he will now take
delivery of 300 turbines. He will use the turbines for wind farms in
Canada and Minnesota.
Pickens said none of the turbines will go to the Texas Panhandle, where
he originally planned to use all of the windmills for the world's
largest wind farm. He said Texas will still lack transmission lines to
carry the power when he begins to take delivery of the turbines in 2011.
Pickens said he will build a wind farm in the Panhandle when
transmission is built.
Pickens said part of the reason wind has become less important
to him is the drop in natural gas prices. Natural gas-fired power plants
have become so cheap to operate, that other types of plants have been
displaced.
Pickens had said in the past that it was tough to finance wind projects,
but he said Tuesday he has financing for his wind farms.
___
(c) 2010, The Dallas Morning News.
Visit The Dallas Morning News on the World Wide Web at http://www.dallasnews.com
Distributed by McClatchy-Tribune Information Services.
(c) 2009,
McClatchy-Tribune Information Services
|