Courtesy of Reuters we learn that:
Texas oil billionaire T. Boone Pickens said on Wednesday he has delayed his plan to build the world's largest wind farm in the Texas Panhandle, blaming financing problems and transmission limitations.So what will Mr Obama do for his "green" jobs now?
"I didn't cancel it," Pickens said after a press conference on Capitol Hill. "Financing is tough right now and so it's going to be delayed a year or two."
Over time, Pickens had planned to install 4,000 megawatts of wind turbines, which could power about 1.2 million average homes, at a site near Pampa, Texas, by 2014 at a cost of $8 billion.
Instead of putting more than 600 wind turbines ordered by his Mesa Power LLP last year for the first $2 billion phase of the project, Pickens said he will likely develop a number of more modest wind farms across the nation's mid-section where wind resources are strongest.
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