T. Boone Pickens Mesa Power Places Largest Single-Site Wind Turbine Purchase Order
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T. Boone Pickens' Mesa Power LLP has placed an order with General Electric (NYSE: GE) to purchase 667 wind turbines capable of generating 1,000 megawatts of electricity, enough to power more than 300,000 average U.S. homes.
The agreement represents the first phase of the four-phase Pampa Wind Project that will become the world's largest wind energy project, with more than 4,000 megawatts of electricity, enough for 1.3 million homes. When all phases of the project are completed as projected in 2014, the wind farm will be five times as big as the nation's current largest wind power project, now producing 736 megawatts.
Pickens said he expects that first phase of the project will cost about $2 billion, and that electricity from the project will be on-line by early 2011. When complete, the Pampa Wind Project will cover some 400,000 acres in the Texas Panhandle.
"T. Boone Pickens' commitment underscores the ability of wind technology to help meet the country's need for diverse sources of energy," said Jeffrey R. Immelt, GE Chairman and CEO. "As America's demand for energy escalates, it is clear that wind can and will play a bigger part in meeting that need. We're excited to partner with an energy visionary like T. Boone Pickens to bring our wind technology to the marketplace."
Pickens envisions that large scale renewable energy projects like his Pampa Wind Project will permit the United States to become less dependent on foreign oil.
"The development of alternative energy projects, especially renewable resources such as wind power, is critical for the future of the country in the face of declining world oil resources," he said.
"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."
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