Billionaire oilman backs wind power

Finally the US are getting interested, now that the price of oil is getting to be an issue...

-pete.

(CNN) -- Billionaire oilman T. Boone Pickens is sinking billions of dollars into a new wind farm in Texas. It is likely to become the biggest in the world, producing enough power for the equivalent of 1.3 million homes. CNN's Ali Velshi asked the oil legend why he thinks wind could be the answer to this country's energy problems:

T. Boone Pickens explains his investment in a 4,000-megawatt wind farm to CNN's Ali Velshi.

Ali Velshi: Tell me about the wind. Now, you are buying, for a start, more than 600 wind turbines from General Electric. You're going to put them on this big tract of land in Texas, and you're going to generate a lot of electricity.

What happens to that electricity? Tell me where you think you're going to make your money and how this is going to help the situation in America.

T. Boone Pickens: Well, that's the first step to a 4,000-megawatt wind farm. This is 1,000 megawatts.

We start receiving those turbines in mid 2010. We will have the total 4,000 megawatts finished by the end of 2015. That power will go into a transmission line that will tie into the Electric Reliability Council of Texas system in the state of Texas, and it will be transmitted downstate. Watch why Pickens is willing to spend billions on wind »

Velshi: What's your view of wind power? It's one of several things that we should be looking at in terms of powering our homes, electrical power? We get most of it from coal and natural gas, and some from nuclear. Are you thinking it's one of the formats of power we should be thinking about, or is this going to be bigger than we all thought?

Pickens: The Department of Energy came out with a study in April of '07 that said we could generate 20 percent of our electricity from wind. And the wind power is -- you know, it's clean, it's renewable. It's -- you know, it's everything you want. And it's a stable supply of energy.

It will be located in [the] central part of the United States, which will be the best from a safety standpoint to be located. You have a wind corridor that goes from Pampa, Texas, to the Canadian border. And it has -- the wind, it's unbelievable that we have not done more with wind. Look at Germany and Spain. They have developed their wind way beyond what we have, and they don't have as much wind as we do. It's not unlike the French have done with their nuclear. They're 80 percent power generated off of nuclear, we're 20 percent.

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Velshi: I'm fascinated by wind power. I love going by a field of these turbines. And I think they're fascinating.

You don't happen to think they're attractive, and you're not really putting them on your land. You're going to be using other people's land to put these things on.

Pickens: That's right. And it's very clear, these are my neighbors. And they want them. It generates income for them.

A turbine will generate somewhere around 20,000 [dollars] a year in royalty income. And on a 640-acre tract, you can put five to 10 of these on the tract. And you don't have to have them if you don't want them.

Velshi: And it's quite common that people who maybe have a piece of land, they might be farmers or something like that, this is extra income to them by making a deal with somebody like you who is going put these things up, if they don't mind having them on the land. Do they get the electricity from it or do they just get a royalty check?

Pickens: A royalty check. But look at Sweetwater, Texas. That town was 12,000 people, then went down below 10,000. The wind came in, it's above 12,000 in population now. The local economy is booming.

That can be repeated over and over and over again all the way to the Canadian border. Then you have a solar corridor that goes from Sweetwater, Texas, west to the West coast, and that solar corridor can also be developed.

But we are going to have to do something different in America. You can't keep paying out $600 billion a year for oil.

Swiss Man Takes Dream of Human Flight to New Heights

Some people go fishing on their day off. Yves Rossy likes to jump out of a small plane with a pair of jet-powered wings and perform figure eights above the Swiss Alps.

Rossy, 48, made his first public flight with his self-made flying contraption in front of the world press Wednesday, after five years of training and many more years of dreaming.

"This flight was absolutely excellent," the former fighter pilot and extreme sports enthusiast said after touching down on an airfield near the eastern shore of Lake Geneva.

Half an hour earlier Rossy had stepped out of the Swiss-built Pilatus Porter aircraft at 7,500 feet (2,300 meters), unfolded the rigid 8-foot (2.5-meter) wings strapped to his back and dropped.

Passing from free fall to a gentle glide, Rossy then triggered four jet turbines and accelerated to 300 kilometers (186 miles) an hour as a crowd on the mountaintop below gasped -- then cheered.

His mother, who was among the spectators, told journalists she felt no fear. "He knows what he's doing," Paule Rossy said of her son, who now flies commercial planes for Swiss airlines.

Steering only with his body, Rossy dived, turned and soared again, flying what appeared to be effortless loops from one side of the Rhone valley to the other. At times he rose 2,600 feet (800 meters) before descending again with a trail of special-effects smoke in his wake.

"It's like a second skin," he later told reporters. "If I turn to the left, I fly left. If I nudge to the right, I go right."

Rossy then performed a stunt he had never before tried.

After one last wave to the crowd the rocket man tipped his wings, flipped onto his back and leveled out again, executing a perfect 360-degree roll that even a bird would find impossible.

"That was to impress the girls," he later admitted.

Wednesday's five-minute flight nearly never happened. Rossy said his engineers worked until the last minute to fix one of the four kerosene-fueled engines that power his flight.

He said he is ready now for a bigger challenge: crossing the English Channel later this year.

The stunt, which will be shown on live television, will test his flying machine to the limit. Rossy said he plans to practice the 35-kilometer (22-mile) trip by flying between two hot-air balloons.

"I still haven't used the full potential," he said.

Rossy told The Associated Press that one day he also hopes to fly through the Grand Canyon.

To do this, he will have to fit his wings with bigger, more powerful jets to allow for greater maneuvering. The German-built model aircraft engines he currently uses already provide 200 pounds (91 kilograms) of thrust -- enough to allow Rossy and his 120-pound (54-kilogram) flying suit to climb through the air.

"Physically, it's absolutely no stress," Rossy said. "It's like being on a motorbike."

But on this ride, even the slightest movement can cause problems. Rossy said he has to focus hard on relaxing in the air, because "if you put tension on your body, you start to swing around."

Should things go wrong -- and Rossy says they have done more times than not -- there's always a yellow handle to jettison the wings and unfold the parachute.

"I've had many 'whoops' moments," he said. "My safety is altitude."

Rossy -- whose sponsors have dubbed him "Fusion Man" -- says his form of human flight will remain the reserve of very few for now. The price and effort involved are simply too enormous, he says.

So far Rossy and sponsors have poured more than 300,000 Swiss francs (US$285,000; EU185,000) and countless hours of labor into building the device. He would not estimate how much his device would cost should it ever be brought to market.

But, he believes similar jet-powered wings will one day be more widely available to experienced parachutists ready for the ultimate flying experience.

That is, if they don't mind missing out on the breathtaking panorama above the Swiss Alps.

"I am so concentrated, I don't really enjoy the view," Rossy said.