8.86%C 6.45 22.20%F 2.55 5.20%
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NEW YORK - A renewable energy company founded by billionaire T. Boone Pickens says it's buying 667 wind turbines from General Electric.
| GE | 15.5 |  -1.67 |
The longtime oilman's company, Mesa Power, plans to use the turbines to start what it expects will be the world's largest wind energy project. The Pampa Wind Project will be located in Texas.
The turbines in the deal can each produce 1,000 megawatts of electricity. That makes the project's first phase -one of four planned -able to make enough to power more than 300,000 average U.S. homes.
Pickens says the first phase of the project will cost about $2 billion, with power coming online by early 2011.
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AP Business Writer Adam Schreck in New York
Major U.S. stock indexes slumped further south midday Monday, further extending this morning's hefty losses which erased last week's f...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
African Eagle Resources has raised its stake in the Mokambo joint venture to 87% and says 2008 drill results were "promising".
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