- M. Stanley Looks to Sell China Investment Bank Stake
- Fed's Bullard: Tighten Only When Recovery's 'Solid'
- Ida Downgraded to Category 1 Hurricane
- Kraft to Formalize Hostile Cadbury Bid on Monday
- GE, Comcast Agree on NBC Universal Valuation
- US Health Care Reforms Face Tough Path in Senate
- Obama Delays Start of Asia Trip to Attend Memorial
- China Urges US to Control Deficit to Stabilize Dollar
- Framed for Porn – By a PC Virus
- Tamminen: Why Does Oklahoma Want To Drown New York?
- Food Network, HGTV Drive Scripps Networks' Upside Surprise
- Tommy Lee, Medical Tourism and Nasty Santa, Your Emails
- U.S. Markets Gain 3% for the Week Despite 10.2% Unemployment
- Disney's 'Carol' Tests Widest 3-D Release Ever
- Stimulus II? Jobs Tax Credit=Cash For Clunkers
- Rockwell Automation Earnings: What Options Are Saying
- Gold Will Touch Higher Lows and Higher Highs: Analyst
- Is Misery Alive And Well in Your Office?
MOST SHARED
- Sweeping Health Care Overhaul Bill Passes House
- US Becomes Top Country Brand Under Obama: Survey
- BofA Board in Civil War Over Lewis' Succesor
- Framed for Porn – By a PC Virus
- Kraft to Formalize Hostile Cadbury Bid on Monday
- What Stocks to Buy Amid Health Care Overhaul: Strategist
- Obama Delays Start of Asia Trip to Attend Memorial
- GE, Comcast Agree on NBC Universal Valuation
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
- Rumors abound that Oprah will leave her show to start a new network. What would this mean for daytime TV?
- A private equity specialist sponsored a stand-up comedy troupe in New York to prove that CEOs can, in fact, be funny.
- Cramer did the research and found eight stocks that lead the pack. Read on to get his top picks.
- Did Hideki Matsui’s performance make it more likely that the Yankees will pay to have him back?
- Which wines should you bring—or serve—with holiday meals this year? Ask a connoisseur.
- Two competitors in this year’s World Series of Poker in Las Vegas have stories fit for Hollywood.
Data is a real-time snapshot *Data is delayed at least 15 minutes