The preferred contractor pulled out and no other contractor has come forward to bid on the job, said David Higgins, head of the Olympic Delivery Authority, which oversees the site's construction.
The site also lacked enough wind to deliver on promises that the turbine could deliver sufficient energy, The Times of London reported Friday.
"We have carried out an exhaustive process with the industry and suppliers over the last two years to find a viable way of delivering a wind turbine on the Olympic Park site," Higgins said. "However, the industry environment has changed and that means the project is no longer feasible."
Alternatives still under consideration include solar panels and a biomass unit, said Higgins, who has promised the 2012 Olympic Games would be the greenest ever with carbon emissions reduced by 50 percent.