T. Boone Pickens has announced plans to scale back the ambitious "Pickens Plan" and is suspending efforts to build the world's largest wind farm in the Panhandle of Texas.
Pickens cited several factors including the lack of transmission lines to the region and the drop in price of natural gas.
The Pickens reversal is the latest in a series of setbacks for the wind energy business in 2009. The global economic malaise has pressured the industry and consulting firm Emerging Energy Research predicts a decline of nearly 25 percent in the amount of new wind power installed in 2009 versus 2008.
Showing posts with label wind energy. Show all posts
Showing posts with label wind energy. Show all posts
Wind Turbine Failure Photos
Power producing wind turbines are exposed to significant material stresses. Wind turbines have been known to fail in the gearboxes, generators, and rotor blades. Overheating is a constant concern and one that will have to be addressed by the next generation of wind farms.
Offshore Wind Farm Finds Investors
The world's largest planned offshore wind farm has found new investors in the form of an Abu Dhabi investment fund.
The future of the proposed London Array wind farm has been in doubt since Shell pulled out of the project in May after estimated costs more than doubled.
Eon and Danish based DONG Energy had been seeking a new partner in the offshore wind energy farm.
The Masdar Initiative, which is funded by the Abu Dhabi government, announced that it will take a 20 per cent stake in the project.
The future of the proposed London Array wind farm has been in doubt since Shell pulled out of the project in May after estimated costs more than doubled.
Eon and Danish based DONG Energy had been seeking a new partner in the offshore wind energy farm.
The Masdar Initiative, which is funded by the Abu Dhabi government, announced that it will take a 20 per cent stake in the project.
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