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May 29, 2008

Buy Wind Energy  Peak Oil

Oil billionaire T. Boone Pickens just bought $2 billion worth of wind turbines from GE. Sign of the times. The Street (via Cryptogon):

Mesa Power, a company run by well-known energy investor T. Boone Pickens, has ordered nearly 700 wind turbines from GE as part of its plans for a giant wind farm in Texas.

The company placed a $2 billion order for 667 turbines for the Pampa Wind Project, which will ultimately provide more than 4,000 megawatts of electricity, or enough for more than 1 million homes. The project will be completed in four phases.

Mesa will start getting the turbines in 2010 and 2011.

Pickens, who became rich in the fossil fuels game, has been interested in alternative energy for some time, and with oil prices hitting record highs above $125 a barrel, the audience for his message is growing. [...]

Warren Buffett, the head of Berkshire Hathaway and another of the nation's wealthiest investors, has also been investing in wind.

Handwriting on the wall.

Posted by Jonathan at May 29, 2008 10:39 PM  del.icio.us digg NewsVine Reddit YahooMyWeb

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