National Wind Solutions acquires land for 30MW wind farm in Texas
National Wind Solutions, Inc. announced today a Letter of Intent to lease 210 acres of land in Central Texas for a major new wind power project. The Agreement gives the Company access to land for the development of a 30 Mwh wind farm. Once completed the wind farm is expected to generate over $60 million in revenue over ten years.
The Company anticipates starting with twenty 1.5 Mwh wind turbines on the “Green Grid Project.” A wind trend analysis and electrical engineering and design plan will be completed before installation begins.
“With the need for low-cost green energy increasing in America, this is not the time to pull back and wait on the sidelines,” stated Kathleen Delaney, Chairman and CEO of National Wind Solutions, Inc. “This is the perfect time to get assets in place and ready to generate electricity before increased demand drives prices higher, which will increase our profits.”
“To quote President-Elect Obama, ‘The time for delay is over. The time for denial is over. . . We are not going to miss this opportunity.’ At NWND, we want to lead not follow. This project will give us a strong platform from which to build,” concluded Delaney.
Leading wind power companies continue to increase deployment led by Vestas Wind Systems, a Danish company traded in the U.S. (OTC:VWDRY.PK). Denmark now produces 19% of its electricity using wind power. In the U.S., General Electric (NYSE:GE) announced this year the shipment of its 10,000th 1.5 Mwh wind turbine.
Source: National Wind Solutions Inc.
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KonstantinMiller
July 6th, 2009
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