T. Boone Pickens Is Anxious About Financing His Mega Wind Farm


photo: Henning Leweke

If you at all follow renewable energy, or even just watch television, you've probably heard that T. Boone Pickens has been back-peddling on the future of the wind power portion of the Pickens Plan. While reports that its cancelled probably overstate the situation, the rapidly receding economy is putting a hitch in Pickens' get-along.

Reuters ecently had an article which quotes Pickens on the future of his mega wind farm:Where's The Money?

Where's the money is the question. I don't know how we'll do it. I'm anxious to see what Obama comes up with. There is no money to finance a wind project now.

I'm a little anxious.

We don't receive turbines until late 2010, so you've got some time for a recovery and we'll see where we go from there.

On the future of renewable energy as a way to achieve greater US energy independence, though, Pickens was optimistic:

Continuing to Import Oil 'Disastrous'

Most everybody realizes that there is something wrong importing 70 percent of our oil, and over half of it coming from areas that are unfriendly to us.

You know that at some point it's going to be disastrous for us. You don't know when, but it's going to come sometime.

via: Reuters
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Tags: Renewable Energy | Texas | United States | Wind Power