Converting Oil to Wind
May. 15th, 2008 10:21 amGood news for a change. Oklahoma oilman T. Boone Pickens gets into the act in a major way and the Irish (and Scots) make their own move.
Maverick Oilman Pickens Puts $2B Bet on Wind Power - AP - 15 May 08
"Maverick oilman T. Boone Pickens has placed a $2 billion bet on wind power in just the first of a four-phase project to build the world's largest wind farm in Texas. Pickens said the total cost of the deal will grow considerably after the initial investment in General Electric Co. turbine technology. Pickens' Mesa Power said the Pampa Wind Project in the Texas Panhandle will eventually cover 400,000 acres and generate enough power for more than 1.3 million homes."
Boone Pickens buys 667 Wind Turbines for Texas - Marketwatch - 15 May 08
" When complete, the Pampa Wind Project will cover some 400,000 acres in the Texas Panhandle. . . 'You find an oilfield, it peaks and starts declining, and you've got to find another one to replace it,' said Pickens, who once operated one of the largest independent oil and gas production companies. 'It can drive you crazy. With wind, there's no decline curve.'"
Lift-off for Airtricity €1.6bn Wind Project - Independent (IE) - 15 May 08
"Irish-based wind energy company Airtricity, which was recently bought by Scottish & Southern Energy (SSE), is poised to begin construction of a £1.3bn (€1.6bn) wind farm off the coast of Suffolk in England. The so-called Greater Gabbard wind farm will be the world's largest offshore wind farm when completed in 2010. It received planning permission in February. SSE has agreed to buy out the 50pc interest of its joint venture partner, Flour [Fluor] International, in the 504 megawatt (MW) project for £40m in cash."
Maverick Oilman Pickens Puts $2B Bet on Wind Power - AP - 15 May 08
"Maverick oilman T. Boone Pickens has placed a $2 billion bet on wind power in just the first of a four-phase project to build the world's largest wind farm in Texas. Pickens said the total cost of the deal will grow considerably after the initial investment in General Electric Co. turbine technology. Pickens' Mesa Power said the Pampa Wind Project in the Texas Panhandle will eventually cover 400,000 acres and generate enough power for more than 1.3 million homes."
Boone Pickens buys 667 Wind Turbines for Texas - Marketwatch - 15 May 08
" When complete, the Pampa Wind Project will cover some 400,000 acres in the Texas Panhandle. . . 'You find an oilfield, it peaks and starts declining, and you've got to find another one to replace it,' said Pickens, who once operated one of the largest independent oil and gas production companies. 'It can drive you crazy. With wind, there's no decline curve.'"
Lift-off for Airtricity €1.6bn Wind Project - Independent (IE) - 15 May 08
"Irish-based wind energy company Airtricity, which was recently bought by Scottish & Southern Energy (SSE), is poised to begin construction of a £1.3bn (€1.6bn) wind farm off the coast of Suffolk in England. The so-called Greater Gabbard wind farm will be the world's largest offshore wind farm when completed in 2010. It received planning permission in February. SSE has agreed to buy out the 50pc interest of its joint venture partner, Flour [Fluor] International, in the 504 megawatt (MW) project for £40m in cash."