SAN DIEGO--(BUSINESS WIRE)--Green Star Alternative Energy, Inc. (Pink Sheets:
GSAE -
News) announces the
acquisition of a wind measurement system from NRG Systems. This wind
sensor will assist Green Star in further evaluating targeted wind farm
locations within the Republic of Serbia and Europe. The Company
’s
development plan includes 300 MW of installed power capacity - producing
renewable, eco-friendly electricity from wind energy.
The initial region of examination will include the Autonomous Province
of Vojvodina, in the north of the Republic of Serbia. This area is of
significant interest because it experiences some of the most constant
winds in the region and offers excellent capability for wind energy
generation and transmission. Nearly two-thirds of the surface area of
Vojvodina AP features wind speeds exceeding 4 m/s. Greater potentials
can be found in several locations: Vrsac Zrenjanin, Bela Crkva, Indjija,
Irig, Sombor, Novi Sad and. The wind measurement system will allow for
additional data to be collected and provide further precision to the
extensive studies that have been conducted by the national
Meteorological Institute, and the University of Novi Sad, in Vojvodina.
NRG Systems is an American company based in Vermont and has served the
wind energy industry for over 25 years. The 50-meter XHD NRG TallTower
is a highly versatile meteorological tower designed specifically for
wind resource measurements. In wind energy applications where
anemometers and direction vanes are typically installed at wind turbine
hub heights, the tilt-up 50m XHD heavy duty TallTower system is the best
alternative to expensive, labour-intensive lattice towers. Superior
design and sturdy galvanized steel tube construction make NRG TallTowers
reliable in extreme conditions yet easy to transport to remote sites.
Tower tube sections slide together then tilt up from the ground with a
ginpole and winch. The NRG #40C anemometer is the industry standard
anemometer used worldwide. A calibration certificate verifying that the
sensor is traceable to the National Institute of Standards and
Technology (USA) is provided.
About Green Star Alternative Energy (GSAE.PK)
Green Star Alternative Energy, Inc. is working to develop more than 300
megawatts of clean wind energy. 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 is pursuing a
significant opportunity to provide clean power to the growing Republic
of Serbia and neighboring European countries. With the pending
acquisition of key wind farm and power trading company Notos, Green Star
will become one of companies licensed to trade electrical power into and
out of Serbia, the only company in Serbia able to generate and export
its own wind energy, and the nation’s first
developer of wind power.
FORWARD-LOOKING STATEMENTS
This press release contains 'forward-looking statements'. These are
statements concerning plans, objectives, goals, strategies,
expectations, estimates, intentions, projections, developments, future
events, or performance, underlying (expressed or implied) assumptions
and other statements that are other than historical facts. In some cases
forward-looking statements can be identified by the use of
forward-looking words such as 'believes,' 'expects,' 'may,' 'will,'
'should,' or 'anticipates,' 'estimates,' or the negative of these words
or other variations of these words or comparable words, or by
discussions of plans or strategy that involve risks and uncertainties.
Management wishes to caution the reader that these forward-looking
statements, including, but not limited to, statements regarding the
Company's plans, goals the estimates and assumptions, and the business
strategy of the Company and other matters that are not historical facts
are only predictions. No assurances can be given that such predictions
and the estimates regarding mineral reserves, success of mining plans,
or other projections will prove correct or that the anticipated future
results will be achieved. Actual events or results may differ
materially. Forward-looking statements should be read in light of the
cautionary statements and risks that include, but are not limited to,
the risks associated with a small company, the intense competition the
company faces from others, and technological changes. Any one or more of
these or other risks could cause actual results to differ materially
from the future results indicated, expressed, or implied in such
forward-looking statements.
