The Business of Wind

Well, well. Perhaps the buzz is wearing off at the renewable energy rave:

Plans for the world’s largest wind farm in the Texas Panhandle have been scrapped, and energy baron T. Boone Pickens says he’s looking for a home for 687 giant wind turbines.

[…]

Pickens says this doesn’t mean wind power is dead, but he says he got going too quickly.

“got going too quickly” sounds like business speak for “the market wasn’t there” which might be further simplified to “I guessed wrong.” Of course, he has $2 billion invested, he is hardly going to claim that wind energy is dead, or just come straight out and say he blew it. After all, he’s a businessman; he still needs to get some of his investment back.

2 thoughts on “The Business of Wind

  1. There is no profit in wind power unless that profit comes from the tax payers in the form of user fees, taxes, and other such nosense.

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