Friday, July 10, 2009

Bad News for Wind

A note from C|Net that T Boone Pickens wind project may be in trouble because of lower energy costs this year. That's not good, since I think he had a good site in Texas with lots of wind there.

The problem is building transmission lines, and I expect that will continue to be a problem for some time. Perhaps if he can get it going they'll make new towns and migrate people closer to cheap electricity, but it needs that initial investment to get going.

I was hoping this would be a great boon for the wind industry, but it looks like it might be on hold unless energy prices go back up.

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