About Pacific Blue Energy Corporation
Pacific Blue Energy is a publicly traded photovoltaic (PV) solar energy company. Headquartered in Phoenix, Arizona, one of the prime solar energy markets in the United States, PBEC is positioned to take advantage of technological advances that will drive the coming surge in the U.S. solar generated electricity market.
With the recent alignment of a number of positive factors including technical advances, tax incentives, rising environmental awareness and the state of the economy; the availability of clean, affordable, solar electricity to power homes and small businesses is becoming a reality.
The Company will maximize shareholder value by building and managing large renewable energy projects. The goal of management is to sign long term contracts with utility companies to provide them with power from renewable energy; thereby enabling them to meet their state required Renewable State Portfolio Standards (RSPS).
Goals
To participate in the historic government mandated opportunity to shift energy production toward renewable sources, Pacific Blue Energy Corp.'s mid-term goal will be to actively pursue this market in the Southwest U.S. and other markets as needed. Shorter term options include acquiring an interest in an already permitted renewable energy project but ultimately, Pacific Blue Energy's focus will be to secure prime renewable energy project sites and develop utility scale renewable energy projects.
Longer term goals involve securing long term energy power purchase agreements (PPA's) - a legal contract between an electricity generator and a power purchaser. PPA providers maintain and monitor the energy production, and sell the electricity to the host at a contractual price for the term of the contract, typically five to 25 years. PPA providers can enable businesses, schools, governments, and utilities to benefit from predictable, renewable energy and reduce dependence on foreign and domestic non-renewable energy sources.
Acquisition Initiatives
(1) On April 8, 2010 Pacific Blue Energy Corporation acquired 100% of the membership interests in Ship Ahoy, LLC, an Arizona limited liability company. Ship Ahoy owns approximately 154.3 acres of land located 30 miles east of Flagstaff, Arizona, in Coconino County. The land is described as Assessor's Parcel Number 406-07-004. PBEC has begun the process of responding to a request for proposal to develop a solar energy project referred to as the "Sunshine Solar Project" to be developed on the property. Development and submissions of the proposal for the Project will done with the public utility service provider. The site could support as much as 20 megawatts (MW) of solar electricity generation - using either a fixed tilt or a single tracking system. A megawatt is equivalent to one million watts of electricity and can power between 180 and 350 homes per year, depending on usage patterns.
(2) Pacific Blue Energy Corporation has acquired a 52 1/2 % interest in a commercial wind development project known as the Sunshine Wind Park, which is to be located in Coconino County, Arizona. This project will be bid to utility companies and final selections will be made in 2010 or 2011. The company intends to enter into an agreement with a photovoltaic manufacturer to bid a large solar project for the local utility at this site. The final selections will be made about July 30, 2010. Because of the site's location the project may also benefit from a Flagstaff area 2020 Regional Plan that could help to smooth the entitlement process. The Flagstaff area 2020 Regional Plan expressly states a preference for approving new developments on sites that are already impacted, which should make it a smoother entitlement process with the County Board of Supervisors. The site had already gone through the permitting process for the development of a renewable energy project - a project that was unanimously approved by local officials. The company hopes that the County Board of Supervisors will again give a green light to the development of renewable energy in northern Arizona.
Joint Ventures
This Joint Venture Agreement (this "Agreement") sets forth the mutual intentions of Patriot Solar, Inc., an Arizona Corporation, (“Patriot”) and Pacific Blue Energy Corp., a Nevada corporation (“Pacific Blue”) relating to the design, engineering, construction, operations, maintenance and financing of various solar projects located in Arizona, California, Nevada, Utah, and Texas.
1.
Patriot Solar, Inc, an Arizona Corporation, shall identify a variety of private commercial solar projects ranging in size for 50 kW to 500kW size in Arizona, California, Nevada, Utah, and Texas. The upfront costs for the initial development of these projects will be at Patriot’s sole expense. Once the projects are accepted by Pacific Blue, as set forth herein, these costs will be reimbursed to Patriot.
2.
The projects will be presented to Pacific Blue for evaluation for funding and Pacific Blue will have an exclusive first right of refusal for a period of two years from the date of this agreement with rights to extend the agreement for another year by mutual agreement to review and evaluate any project initially developed by Patriot. Each project will be individually submitted to the Pacific Blue evaluation committee, which shall have one month from the date of submission of the individual project to accept or reject the project. Upon project acceptance, Pacific Blue will send Patriot a Letter of Commitment for the specific project with the specific terms needed for financing and a payment for 1.0% of the project estimated total cost in earnest money. If the month passes and no commitment has been issued by Pacific Blue, Patriot will have full rights to the project and may pursue it independently.
3.
All cost to develop any project will be funded by Pacific Blue once the project has been accepted and financing approved with monthly progress payments to Patriot. Patriot will have responsibility for all engineering calculations, engineering design, procurement, construction, permitting, REC filings, interconnection agreements and on-going operations and maintenance. Pacific Blue shall have no financial responsibility for Patriot’s costs for projects that are not accepted and approved by the Pacific Blue selection committee.
4.
Pacific Blue will have the sole responsibility to provide financing on the accepted projects. Patriot will have no financial responsibility for fund raising efforts, however, may be requested to provide technical presentations to support fund raising efforts at the expense of Pacific Blue.
5.
Upon commissioning, all accepted projects will have ownership transferred from Patriot Solar to Pacific Blue. Patriot will continue to provide operations and maintenance services on the projects following transfer. Future expansions on the projects will continue to be operated under this agreement with Patriot providing the development services and Pacific Blue retaining ownership and financing obligations.
6.
This Agreement constitutes a legally binding and enforceable agreement between the Parties hereto with respect to the provisions hereof.
This Agreement summarizes the understanding of Patriot Solar, Inc. and Pacific Blue Energy Corp. regarding the development and operations of various solar projects.
Directors and Management
Joel Franklin
President and CEO
George M. Buckingham
Chief Operating Officer and Board Advisor
Luniel De Beer
Chairman
Business Focus
Wind Generated Electricity
At the end of 2008, worldwide wind farm capacity was 120,791 megawatts (MW), representing an increase of 28.8 percent during the year, and wind power produced some 1.3% of global electricity consumption. The Company is evaluating partnerships with leading edge wind turbine manufacturers for eventual importation into the U.S. and other markets.
Photovoltaic Solar Energy
The market potential of the larger scale applications of PV cells is one of the two main focal points of Pacific Blue Energy’s business direction. Solar panels use photovoltaic (PV) cells to convert sunlight directly into direct current (DC) electricity. They have no moving parts, are long lived and are low maintenance. Not only is PV solar energy clean and renewable, but it is also proven as a viable and fully commercialized solution.
Pacific Blue Energy hopes to work with leading global manufacturers of photovoltaic (PV) cells and modules. Their aim is to bring the best value to its customers by offering the latest advances in solar technology and leveraging the best manufacturing solutions available worldwide. The Company is currently evaluating the establishment of manufacturing facilities in China as well as the securing of the exclusive rights to certain PV solar products for both the U.S. and International markets. The Company plans include vertical integration of the PV cell manufacturing process to provide an end to end solution for its customers and partners.
Market Opportunity
PV Solar Electricity
According to a report released in July, 2009, by IntertechPira, a market research firm in the UK, the global photovoltaic (PV) market is expected to double within the next five years, reaching US$48 billion by 2014. Wafer-based silicon will continue as the dominant technology, but amorphous thin-film and cadmium telluride (CdTe) technologies will gain ground, and are expected to account for a combined 22% of the market by 2014.
Wind Power
There is huge and growing global demand for emissions-free wind power, which can be installed quickly, virtually everywhere in the world. Wind energy has grown into an important player in the world’s energy markets, with the 2008 market for turbine installations worth about $56.5 billion. Over the past ten years, global wind power capacity has continued to grow at an average cumulative rate of over 30%, and 2008 was another record year with more than 27 GW of new installations, bringing the total up to over 120 GW. The United States passed Germany to become the number one market in wind power, and China’s total capacity doubled for the fourth year in a row.
Share Information:
O/S 37,000,000
Amount and Nature of Beneficial Ownership
| | | | | |
| Name and Address of Beneficial Owner | Shares | Options/ Warrants | Total | Percent |
| Luniel de Beer 42016 N. Anthem Heights Dr. Anthem, AZ 85086 | 15,000,000 | 0 | 15,000,000 | 41.20% |
| Joel P. Franklin 42016 N. Anthem Heights Dr. Anthem, AZ 85086 | 250,000 | 0 | 250,000 | .006% |
| All executive officers and directors as a group | 15,250,000 | 0 | 15,250,000 | 41.21% |
Market Tier: OTC Bulletin Board
Symbol: PBEC
Primary SIC - Industry Classification: 1711f, 5074e, 5099v
Business Stage: Primary Stage Company
State Of Incorporation:
Year Of Incorporation:
Company Officers: CEO Joel Franklin
1016 W. University Ave.
Suite 218
Flagstaff, AZ 86001