Thursday, November 20th, 2008

Posts Tagged ‘ Mesa Power ’

Oil Crisis 2008: Boone Pickens Buys Into Wind Energy

May 15th, 2008 | By Contrarian Profits | Category: Featured, Financial News

Oil crisis 2008: You know when things are getting bad for the oil industry when legendary oil investor T. Boone Pickens starts buying into wind energy.

According to the Houston Chronicle, Pickens, through Mesa Power, ordered 667 wind turbines from General Electric to begin a $10 billion wind-farm project in Texas that will be the nation’s largest.

Delivery of the equipment will begin in mid-2010, Dallas-based Mesa said today in a statement. When completed in 2014, the Pampa Wind Project in northern Texas will be capable of producing 4,000 megawatts,