Pickens Slashes Order for GE Wind Turbines; Panhandle Wind Farm on Hold
January 13, 2010 /EIN PRESSWIRE/ – Energy magnate T. Boone Pickens has slashed by half his order for wind turbines from General Electric, indefinitely delaying his plans for a Panhandle wind farm in Texas.
Pickens will still receive 300 wind turbines for wind farms in Canada and Minnesota, but the turbines planned for a project in Texas will not be delivered. The original deal, made in 2008 between Mesa Power and GE, was for 687 wind turbines at a cost of $2 billion.
Although Pickens says he will still build a wind farm in the Texas Panhandle, his focus has shifted away from wind to natural gas, driven in part by the drop in natural gas prices.
Follow the moves of wind energy’s most recognizable investor at Wind Energy Industry Today:
Latest T. Boone Pickens News – http://windenergy.einnews.com/news/t-boone-pickens-wind-energy
Latest Wind Turbine News – http://windenergy.einnews.com/news/wind-turbine
Latest Texas Wind Energy News – http://windenergy.einnews.com/texas/
Located at http://windenergy.einnews.com, Wind Energy Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest wind energy news from around the world, saving them valuable time they’d spend searching for information. New users to Wind Energy Industry Today can enjoy a no-obligation, one-week free trial.
About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.
