T Boone's Wind Farm Plan: Full of Hot Air

[Don1]

Pickens backs off wind farm project




Wed Jul 8, 1:47 am ET
(Reuters) – Texas oil billionaire T. Boone Pickens has called off plans to build the world's biggest wind farm in the Texas Panhandle, the Wall Street Journal said.

Pickens said the wind farm project was scuttled partly because of the lack of adequate transmission lines to carry the electricity from remote locations to cities, according to the paper.

The oil tycoon had hoped to build new transmission lines but could not secure financing, the paper said.
Pickens plans to find new homes for the turbines that he already agreed to buy, the paper said, citing a statement.
Pickens could not immediately be reached for comment by Reuters.
(Reporting by Ajay Kamalakaran in Bangalore; Editing by Greg

[Me]

He said he is building 4 smaller ones instead. Funding has always been the hurdle he needed to overcome. With capital providers not sure about him receiving govt support, especially after his proposition was knocked down in California, things started to get too tough.