National Wind Solutions, Inc. (PinkSheets:NWND) 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.
About National Wind Solutions, Inc.
National Wind Solutions is based in Houston, Texas and will deliver wind solutions in Texas and nationwide in partnership with investors and entrepreneurs who see the vision for an energy self-sufficient America. Wind power is rapidly becoming a significant source of electricity in America and NWND expects to see its growth increase as people realize the efficiency of this natural energy source. National Wind Solutions’ common stock is traded under the symbol NWND.
For more information, visit www.nationalwindsolutions.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Kathleen Delaney, 713-957-1015