Opportunity SnapshotRecord-high oil prices, increasing energy demand, escalating energy security concerns, finite fossil fuel supplies and rising greenhouse gas emissions are fueling a significant shift in the global energy economy toward alternative energy. Governments, businesses, consumers and investors are taking action to transition to a cleaner, smarter energy mix—one that leverages renewable resources and indigenous supplies. In 2007 revenues from wind, solar, biofuels and fuel cells increased 40% to $77.3 billion, according to research from Clean Edge. Wind energy is clean, renewable, emissions-free, cost competitive and abundant, and it has become a driving force in the world’s energy markets. The European Wind Energy Association reports that over 20,000 megawatts (MW) of new wind power was installed globally in 2007 to reach a total of 94,122 MW. According to the Global Wind Energy Council the wind market is now worth an estimated $36 billion in new generating equipment. Green Star Alternative Energy, Inc. is engaged in developing clean energy from the power of wind. The company is targeting a significant opportunity to supply growing energy markets in the Republic of Serbia and surrounding European nations. To drive growth and revenue Green Star is focused on the development of wind energy, the import and export of electricity, the cultivation of agriculture on its wind farms, and the supply of greenhouse gas emission credits. The company recently announced the execution of a letter of intent to acquire Notos d.o.o. and Sirius Regulus d.o.o., privately owned wind energy development, power trading and land ownership companies. With the acquisition Green Star will effectively become the first organization to develop wind energy in Serbia, beginning with the 20 MW Belo Blato wind farm. Upon completion of the acquisition Green Star will also become one of only a few companies licensed to trade electrical power into and out of Serbia, and the only company in Serbia able to generate and export its own wind energy. Green Star Alternative Energy is working to develop more than 300 MW of new wind power by 2013. The pending acquisition of Serbian wind power and energy trading companies Notos and Sirius Regulus will enable Green Star to establish a significant foothold in the clean energy market. The Notos Wind division’s 20 MW Belo Blato wind farm is progressing through the final stages prior to construction, with a completed feasibility study and permits in process. The company expects to be revenue positive this year, projecting an estimated $2,070,347 in revenue for Q4 2008 from the Notos Power Trading division.
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