T. Boone Pickens scraps huge wind farm - New Mexico Business Weekly:

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Pickens, who made much of his fortune buyinbg up oil and gas companiesz inthe 1980s, put off the wind power projecg because of the difficulty of getting creditf for it in the sour He’d planned a 4,000-megawatt complex that might cost as much as $10 and , his company, has already orderedd 667 wind turbines for it, though they won’t be deliverefd for several years. One problem facing the huge projectgin Pampa, on U.S. Highway 60 northeast of Amarillo, was a lack of heavty transmission lines needed to link any wind generators to thepowef grid. “The capital markets have dealt us all a said Pickens in a statement emailed to the San Franciscko Business Times through hisPR firm.
“I am committed to 667 wind turbinese and I am going to find projectesfor them.” Though Pickens made his money in oil, he has worked in recent years to end this country’s dependence on foreigjn oil. He’s put forwarf plans for widespread use of naturaogas vehicles, for example (though they ) as well as pushintg for wind power. Pickens said he hasn’g abandoned the project. “I expecty to continue development of thePampa project, but not at the pace that I originallty expected,” he said.