Major European Wind Turbine Manufacturer Signs Agreement to Supply Wild Brush With up to $200 Million in Turbines
July 13 2009 - 7:30AM
Marketwired
Wild Brush Energy (PINKSHEETS: WBRE) has signed a Letter of Intent
with major Scandinavian wind turbine manufacturer WinWinD Oy of
Finland. This agreement outlines WinWinD's commitment to supplying
Wild Brush Energy with up to $200 million in turbines.
Wild Brush Energy's project optimally, will be up to 120Mw in
size and cost upwards of $270 million in development expenditures.
Wind Turbines supplied by WinWinD would cost approximately $200-240
million. Once completed, this Wind Park would supply upwards of
290,000 Mw of electricity annually. This is enough green energy to
supply over 40,000 homes with electricity and offset nearly 260,000
tones of Greenhouse gases.
Total gross electric sales over a 20-year period are estimated
at over $740 million for a project this size.
WinWinD Oy supplies markets in the USA, Europe, Asia and the
Middle East. An Abu Dhabi renewable energy group recently took a
major equity position in WinWinD for 120 million euros. WinWinD is
responsible for the largest wind farm in the Baltic region, and by
next year will be capable of producing 2500 Mw in turbines
annually.
About Wild Brush Energy Inc.
Wild Brush Energy Inc. is a diversified energy company whose
goal is to identify and develop clean air energy producing
alternatives. Wild Brush is presently exploring green energy
producing opportunities such as large scale Commercial Wind Farms,
Solar Energy Paneling prospects, and Small Scale Hydro Electric
projects; both within North America and abroad.
Safe Harbor for forward-looking statements
This release contains certain statements that are
"forward-looking" statements (as the term is defined in the Private
Securities Litigation Reform Act of 1995). Any such forward-looking
statements are inherently speculative and are based on currently
available information, operating plans and projections about future
expectations and trends. As such, they are subject to numerous
risks and uncertainties, such as general economic and business
conditions, the ability to acquire and develop specific projects,
the ability to fund operations, and other factors over which Wild
Brush Energy Inc. has little or no control. Actual results and
performance may be significantly different from expectations or
trends expressed or implied by such forward-looking statements.
Wild Brush Energy Inc. expressly disclaims any obligation to update
the statements contained in this release.
Contact: Wild Brush Energy Inc. 1-206-652-3310 Email Contact
www.wildbrushinc.com
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