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Stafford County company developing a wind farm in Santa Rosa, N.M. Date published: 7/31/2008
BY CATHY JETT
A Stafford County company got swept up in wind- and solar-power development long before Texas oilman T. Boone Pickens started making headlines for backing it. Now Infinite Energy Resources LLC, a 3-year-old renewable-energy developer, is approaching potential equity partners about financing the $750 million, 300-megawatt Arabella wind (and possibly solar) farm near Santa Rosa, N.M. "The growth in the wind-power business has been 45 percent, year over year," said Michael D. Moretz, Infinite Energy's chief operating officer. "It's just extraordinary growth. With T. Boone Pickens' new plan and the price of gas, it's only going to accelerate." Pickens, a prominent voice in the oil industry, is using commercials and a recent Senate appearance to push his "Pickens Principles," which call for slashing Americans' dependence on foreign oil by a third in the next decade. To do that, he recommends harnessing wind and solar power to produce 22 percent of the country's electrical needs, and using natural gas to fuel cars, trucks and other modes of transportation until the next generation of alternative fuels can be developed. "He's my new hero," Moretz said. "He's made the country more aware of possibilities and ways we can re-look at what we're doing today." Moretz, a Great Falls resident, has a background in building, owning and operating businesses. He teamed up with Elsa Newland of Stafford, the company's president and a former consultant for the U.S. Department of Agriculture, to found Infinite Energy Resources in November 2005. Newland, who grew up on a farm, said she kept hearing complaints from farmers that they weren't able to produce enough to hang on to land that had been in their families for generations. She thought help might lie in the increasing number of federal grant applications for renewable-energy development that came across her desk. "You can't live on farming alone anymore," Newland said. "You have to do other things." Wind power's appeal for farmers is that the turbines needed for a project don't take up much room. That means a rancher can continue farming while collecting royalties or rent for the use of his land.
Date published: 7/31/2008
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