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Pickens backs off wind farm project- WSJ

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July 08, 2009 – Comments (1)

Pickens backs off wind farm project- WSJ

July 8 (Reuters) - Texas oil billionaire T. Boone Pickens has called off plans to build the world's biggest wind farm in the Texas Panhandle, the Wall Street Journal said.

Pickens said the wind farm project was scuttled partly because of the lack of adequate transmission lines to carry the electricity from remote locations to cities, according to the paper.

The oil tycoon had hoped to build new transmission lines but could not secure financing, the paper said.

Pickens plans to find new homes for the turbines that he already agreed to buy, the paper said, citing a statement.

Pickens could not immediately be reached for comment by Reuters. (Reporting by Ajay Kamalakaran in Bangalore; Editing by Greg Mahlich)

1 Comments – Post Your Own

#1) On July 08, 2009 at 5:00 PM, JonBarleycorn (70.60) wrote:

For NOT the first time T-bone has shown that HE is the wind machine.

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