The Pickens Plan was to place 687wind turbines in the Texas Panhandle. He spent millions to promote the plan and $2-billion dollars to buy turbines.
He says his plan is down but not out. He is planning to find homes for every one of his turbines, some of it on his own lands.
It appears his plan was a little ahead of the infrastructure. The transmission system was not in place for all that power.
"It doesn't mean that wind is dead," Pickens, who runs the Dallas-based energy investment fund BP Capital, told the AP, "It just means we got a little bit too quick off the blocks."
Don't count him out. Pickens suffered similar setbacks during his rise in the petroleum industry and fought against a stiff headwind, all the way to the top.