Latest in Ge

Image credit:

Oilman T. Boone Pickens drops $2 billion on wind power


Sponsored Links

It looks like wind power in the United States is getting a boost from a somewhat unexpected source, with billionaire oilman T. Boone Pickens recently announcing that he's spending $2 billion to build a 667 wind turbine-strong wind farm in Texas. That would translate to roughly 1,000 megawatts of electricity, or enough to power about 300,000 homes, but Pickens says that is only the start of what he has in mind. As he tells CNN, Pickens says he plans to expand the wind farm to a full 4,000 megawatts by 2015, which would likely make it the biggest wind farm in the world. What's more, in addition to pumping out electricity, the wind turbines would give a boost to the pocketbooks of anyone willing to put 'em on their property, with Pickens estimating that each turbine will generate about $20,000 a year in royalty income, although they apparently won't get electricity straight from the turbine in their backyard.

Read - CNN, "Billionaire oilman backs wind power"
Read - Reuters, "T. Boone Pickens orders 667 GE wind turbines"

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr