He made a fortune in petroleum. Now he is moving on.
A renewable energy company founded by billionaire T. Boone Pickens said Thursday it's buying 667 wind turbines from General Electric Co. to start what it expects will be the world's largest wind energy project.
The project's $2 billion first phase — one of four planned — will make enough to power more than 300,000 average U.S. homes. When completed in 2014, it will become the world's largest wind energy project, with more than 4,000 megawatts of electricity, enough for 1.3 million homes, Mesa Power said.
The deal is a major investment for Fairfield-based GE, which in January announced it would focus more efforts on building its renewable investment business because of the high price of oil. GE has called renewable energy its fastest-growing business.