Boone Pickens Buys $2 Billion Worth Of Wind Turbines From GE
Back on April 18 I mentioned that Jim Landers of the Dallas Morning News was reporting that legendary energy investor T. Boone Pickens, Jr., was planning to execute contracts as early as the following week for $1.5 billion of wind turbines for his massive wind energy project in North Texas. Today, Reuters confirmed that Pickens’ Mesa Power LLP placed a $2 billion order for 667 wind turbines with General Electric to build the world’s largest wind farm. According to Reuters’ Scott DiSavino, the farm will produce 1,000 megawatts of electricity, enough to power about 300,000 homes. By 2014, Pickens wants the project to have the capacity for generating 4,000 megawatts of wind energy. DiSavino noted that Mesa Power intends to announce the deal later today.
Source:
“T. Boone Pickens orders 667 GE wind turbines: report”
Scott DiSavino
Reuters, May 15, 2008
