Tuesday, July 07, 2009
Steve Gelsi
MarketWatch Pulse
NEW YORK -- Boone Pickens no longer plans to build the world's largest wind farm, a spokesman for the Texas billionaire told the Dallas Morning News. Pickens had already delayed some of his plans. Now he said he instead plans to build five or six smaller wind farms in the Midwest and possibly Texas. Hurdles faces by Pickens included lower natural gas prices, which made power from wind less desireable, plus a lack of transmissions lines. "It was a little more complicated than we thought," Pickens told the newspaper.
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