Behind every billionaire there is a story!

Renewables attract Anschutz

Denver billionaire investor Philip Anschutz is plugging into the red-hot renewable-energy field, announcing plans to develop multibillion-dollar wind-farm and transmission-line projects.

The Anschutz Corp. said Tuesday it has acquired the rights to a proposed $3 billion, 3,000-megawatt transmission project that will run from Wyoming to Southern California, Las Vegas and Phoenix. The 900-mile project will carry power from a 2,000-megawatt wind farm Anschutz is developing in Carbon County in south-central Wyoming.

One megawatt of wind generation can power 300 homes.

The renewable-energy development is the first for Anschutz, who made his fortune in oil, gas, real estate, telecommunications and other ventures.

“Anschutz has his roots in energy,” said Jim Monaghan, a spokesman for Anschutz. “It’s just a natural thing for a broad-based investment company that has roots in energy to be invested in alternative sources of clean energy

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