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Article: Billionaire Sees Wind Power as Next Big Thing.(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- May 7, 2001
- Author:
CopyrightCOPYRIGHT 2001 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bel-Air billionaire Selim Zilkha is among those who have been making a bundle off the state's energy crisis, and now he's positioning himself to make an even bigger bundle on helping to solve it.
Zilkha -- a major shareholder of natural gas supplier El Paso Energy Corp., which has benefited from a runup in prices -- is busy creating what he hopes will be a renewable energy empire that will make wind power a reliable and serious energy option.
"With new technology and better management, we can make wind power really economical for the first time," says Zilkha, referring to the company he set up with his son, Michael, called Zilkha Renewable Energy.
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