|
CNBC'S MOST SHARED
- A Goldman Trading Scandal?
- 'We're in the Middle of a Crash': Black Swan
- Alaska Governor Sarah Palin Will Resign
- Malaysia PM Speaks to CNBC
- Latvian Banker Taking Souls as Collateral
- The Threat of Ballooning Pensions
- SEC May Reinstate Rules for Short-Selling Stocks
- Lehman CEO: Firm Deserved Bailout or 'Wind Down'
- Market's Monday Blues
- Charting Gold & Crude Oil
- US Service Sector Slows Down Contraction In June
- GM A Step Closer To Exiting Bankruptcy
- Farrell: Don't Head For The Exits Yet
- Obama's Russia Visit to Bring Over $1.5 Billion in Deals
- Lehman CEO: Firm Deserved Bailout or 'Wind Down'
- Bank of America Topples UBS as World Wealth Manager
- Facebook Director Sees 'Billions' in Revenue in 5 Years
- Data Domain Shares Up After EMC Raises Bid
- Alcoa to Post Loss — What Does This Mean?
- Chadwick: Recession and Scandals Pave the Way for Romney 2012
- Art Cashin: The S&P's 'Head and Shoulders' Number
- Michael Jackson: Death And Taxes
- Is Andy’s Mojo Back? We Asked Him
- GM A Step Closer To Exiting Bankruptcy
- Schork Oil Outlook: The Fear Trade
- Market's Monday Blues
- Farrell: Don't Head For The Exits Yet
- Warren Buffett Lunch Winner: I Won't Profit From Stock Tip Windfall
Text Size 
T. Boone Pickens confirmed Thursday that his Mesa Power outfit is placing an order for 667 wind turbines with General Electric [GE Loading... ()], launching a $10 billion effort to build the world's largest wind farm in the Texas Panhandle.
 |
AP Boone Pickens |
"We have made a deal with GE, and we're scheduled to start receiving turbines starting in the middle of 2010," he said on CNBC's Squawk Box. The initial order with GE will be worth about $2 billion.
"Oil is phasing out, and renewables are coming in. ... I wanted to be in on it," the legendary oil man said. "We'll start to receive the turbines ... starting in the middle of 2010. ... It'll be $8 billion (worth of) turbines, and about $2 billion (in) transmission ... it'll probably even go over $10 billion."
The wind farm would produce 1,000 megawatts of electricity, enough to power about 300,000 homes.
By 2014, Pickens has said he wants to have 4,000 MW of wind. Earlier in the year, Pickens indicated he was willing to back wind projects to the tune of $10 billion.
Pickens on oil and gas prices.
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes