Tuesday, March 13, 2007

The Texas Wind Powers A Big Energy Gamble by Jeffrey Ball

Only possible with heavy tax breaks and other public investments and will never be more than 5% of our needs.

(Click to read part of the WSJ article)

"SILVERTON, Texas -- Deep in the heart of Texas, multinational giants are gambling on a new supply of energy. The prize isn't oil. It's wind.

In this pancake-flat country, where the wind blows so relentlessly that the sagebrush and mesquite are permanently bent, Royal Dutch Shell Group, BP PLC and a wind-development company owned by Goldman Sachs Group Inc. are racing to lease vast expanses of ranchland. In a bet on wind power's long-term viability, they're planning to erect what would be some of the biggest wind farms in the world, with thousands of wind turbines costing some $2 million apiece."

"It's "a land rush," says Mark Wilby, a petroleum engineer who once developed natural-gas power plants for Enron Corp., and now develops wind projects for Shell. In Shell's storefront office in the largely abandoned courthouse square of Silverton, the county seat, Mr. Wilby pulls out a color map showing how the Texas wind blows. The windiest areas are in red, and Briscoe County is bloody. Shell hopes to build an approximately 120-square-mile wind farm here, which would be several times larger than any in the world today."

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