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Oilman Pickens puts $2B bet on wind power
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Posted on
May 16 2008 3:19 AM
by
adeal
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Maverick oilman T. Boone Pickens' plan for a mammoth wind farm in the Texas Panhandle is a $2 billion bet that Congress will extend a tax credit critical to the environmentally friendly industry. Pickens' company, Mesa Power, is purchasing hundreds of wind turbines from General Electric Co. to create the Pampa Wind Project, which will eventually cover 400,000 acres and generate enough power for more than 1.3 million homes. "We are making Pampa the wind capital of the world," Pickens said.
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