Ill Winds Blow for Clean Energy. Cheap, and Abundant, Natural Gas Diminishes Alternative Projects' Appeal.

T. Boone Pickens's decision to pull the plug on a big wind farm in the Texas panhandle highlights the hurdles clean-energy projects are facing in the U.S., including competition from newly cheap and abundant natural gas.

While problems plague all kinds of green-energy efforts, wind power has been hit especially hard. Because of the complications, growth in wind-power capacity this year is expected to be three-quarters of the increase in a record 2008, according to the American Wind Energy Association trade group.

Even cash-flush foreign utilities that in recent years have entered the U.S. wind-power market, such as Spain's Iberdrola SA, have scaled back U.S. investment plans. And Mr. Pickens's decision, announced Tuesday, to shelve his project for the foreseeable future has left him scrambling to find homes for 667 wind turbines that he ordered in May 2008.

The solar-power industry, which was flying high just a year ago, spent the first half of 2009 announcing layoffs. Some big solar-power projects were shelved.

For the complete article:

http://online.wsj.com/article/SB124710043333415571.html

Views: 13

Reply to This

Support GoHaynesvilleShale.com

Blog Posts

Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

This area has suffered immense environmental degradation…

Continue

Posted by Char on May 29, 2025 at 14:42 — 1 Comment

Not a member? Get our email.

Groups



© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service