Pickens Scales Back Wind Farm Plans

T Boone Pickens scaled back his massive plans for a West Texas wind farm and will look to place wind turbins in other places in lesser quantities.  With oil falling from $150 a barrel last year and costly required infrastructure not in place he will look other areas to establish wind farms.  The lack of infrastructure to get the power to market is the major factor hlding back West Texas while lower energy prices and the poor economy are having investors shy away.

Pickens will look for a home for 687 wind turbines in the next couple of years and stated some could still go in West Texas where he has 200,000 acres leased for wind projects.   He is also looking at sites in the midwest US and in Canada.

"It doesn't mean that wind is dead," said Pickens, who runs the Dallas-based energy investment fund BP Capital. "It just means we got a little bit too quick off the blocks."