Market Pulse Breaking News Alert for Tuesday, June 3, 2008: NCEN NACEL Energy Achieves Objectives With 640 MW Wind Power in De
June 03 2008 - 8:30AM
Marketwired
ATLANTA, GA , Acorda Therapeutics Inc. (NASDAQ: ACOR), AVANT
Immunotherapeutics Inc. (NASDAQ: AVAN) and Taplmmune Inc. (OTCBB:
TPIM).
Investors need to be watching NACEL Energy Corporation (OTCBB:
NCEN) this AM! NACEL Energy is engaged in the business of
generating clean, profitable, renewable energy from wind. They also
include an impressive roster of new joint-venture wind energy
projects under development. The total planned generating capacity
of NACEL Energy?s new wind energy projects is 80 mega watts (MW) ?
enough energy to supply the daily needs of 25,000 American homes.
NACEL Energy has implemented Garrad Hassan?s project design
software to optimize wind turbine siting for maximum energy
production while meeting environmental, technical and construction
constraints. Garrad Hassan is the world's leading wind energy
consultancy. NACEL Energy is using GH WindFarmer design and
optimization technology to enable world-class energy generation
from its growing portfolio of projects representing 80 MW of new
wind power. GH WindFarmer is used by the world's major developers,
consultancies, owners, operators and manufacturers for wind power
generation projects of all sizes. Users include Florida Power &
Light, Coopers & Lybrand, GE Wind Energy, Alliant Energy Wind
Connect, Babcock & Brown, British Energy, Edison Mission
Energy, Conoco, and Tokyo Mitsubishi. NACEL Energy?s WINDVEST? is
one of the first in America developing COMMUNITY WIND ?
utility-scale power generation from wind turbines, but with a
sustainable footprint of less than 20 MW and one or more members of
the local community with a direct financial stake. WINDVEST? is a
highly innovative proprietary capital structure and process which
enables NACEL Energy to successfully joint-venture with local wind
energy developers, expedite timelines and improve project
economics. The U.S. energy market is changing and the most dramatic
increases in the renewable energy sector have come from wind. Now
generating enough energy to power 4.5 million American homes, wind
is the nation?s fastest growing energy source. In 2007, wind power
accounted for 30% of all new U.S. power generation and more than $9
billion was invested in wind energy facilities. The global wind
market is estimated to be worth $36 billion annually in new
generating equipment, according to the Global Wind Energy Council
(GWEC). Wind farm economics improve as the price of oil increases.
Currently there are 24 states that have adopted mandates and
guidelines that require a certain percentage of energy be utilized
from renewable energy resources. NACEL Energy is well-funded,
having received capital funding commitments totaling $3.2 million
to finance the development phase of its 36 month strategic growth
plan consisting of 80 MW of new wind power turbine construction.
The company?s strong balance sheet boasts total assets more than 50
times total liabilities, no current debt and virtually no long term
debt. NCEN offers shareholders the unique opportunity to
participate in a fast-growing company with a portfolio of North
American utility and community scale wind power generation assets.
CNBC guest analyst Francis Gaskins just published a new higher
$4.00 target on NACEL Energy. NACEL Energy is poised to become a
significant player in the energy and utilities industry! NACEL
Energy just had excellent news out in a press release before
today's bell announcing they achieved their objectives with 640 MW
wind power in development. The company also said it set a new 1000
MW target and prepares itself for rapid expansion! Investors should
be watching this one closely!
NACEL Energy Corporation (OTCBB: NCEN), a growing wind power
company in business to generate clean, renewable energy for
America, reports it has achieved its initial corporate goal of 80
MW of wind power generation projects under development, first
announced January 10, 2008. With 640 MW of generating capacity now
in the development phase, NACEL Energy is currently working to
accomplish two new objectives: 1000 MW of new wind energy projects
underway by 2010 and the listing of its shares on the American
Stock Exchange (AMEX).
To achieve its two newly stated goals, Mr. Dan Leach has been
promoted from Managing Director of Operations to President. Prior
to joining NACEL Energy, Mr. Leach served as a senior wind energy
development consultant for Duke Energy Generation Services Wind
LLC, a subsidiary of Duke Energy Corporation of Charlotte, NC.
Since 1995, Mr. Leach has participated in all phases of the
development and construction of 21 Greenfield utility class wind
power generation facilities.
NACEL Energy currently has 40 MW of domestic utility class wind
power under development in Texas with its Blue Creek and Channing
Flats projects. NACEL Energy has also teamed with established
infrastructure financier Ridge Partners, LLC to construct 600 MW of
new wind projects in the Caribbean and Latin America. To further
accelerate growth, NACEL Energy is augmenting its 3 person
Operations Team reporting to Mr. Leach, to include an additional
wind energy field developer focused on U.S., Latin American and
Caribbean regions. The company expects to announce the appointment
in the near term.
Incoming NACEL Energy President Dan Leach stated, ?Our
experienced Operations Team, our key Texas wind power generation
projects at Channing Flats and Blue Creek, and our new Latin
American & Caribbean projects, in an environment of rising
demand for wind energy globally, have enabled NACEL Energy to
achieve our initial corporate objective of 80 MW of wind power in
development, a full two years ahead of schedule.?
Mr. Brian Lavery, NACEL?s outgoing President and a founder of
the company, will now serve as Chairman of the Board of Directors.
Mr. Lavery brings more than 20 years of renewable and conventional
energy experience to the position. Mr. Lavery is tasked with
fulfilling the stringent corporate governance standards of the
senior AMEX exchange, including the recruitment of three
outstanding energy industry veterans to serve as independent
directors. NACEL Energy is seeking an AMEX listing to access a
deeper pool of capital, increase its visibility among institutional
investors and demonstrate its commitment to shareholder
accountability. The Company expects to announce independent
directorship appointments in the near term.
About NACEL Energy Corporation
NACEL Energy Corporation is a rapidly growing wind power
generation company developing clean, renewable energy. NACEL Energy
is among the first in the nation to develop utility class wind
energy projects with a sustainable footprint and the participation
of local partners. The company currently has 640 MW of domestic and
international wind energy projects under development with a goal of
1000 MW by 2010. NACEL Energy was founded in 2006 and is
headquartered in Cody, Wyoming. For more information visit our
website www.nacelenergy.com
About NACEL Energy Corporation
NACEL Energy Corporation is a rapidly growing wind power
generation company developing clean, renewable energy for America.
NACEL Energy is among the first in the nation to develop utility
class wind energy projects with a sustainable footprint of 20 MW
and the participation of local partners. The Company is on track to
develop 80 MW of new energy to power 25,000 U.S. homes by 2010.
NACEL Energy was founded in 2006 and is headquartered in Cody,
Wyoming. For more information visit our website
www.nacelenergy.com.
Stocks in the news and acting well as of late include: Acorda
Therapeutics Inc. (NASDAQ: ACOR), AVANT Immunotherapeutics Inc.
(NASDAQ: AVAN) and Taplmmune Inc. (OTCBB: TPIM).
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