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With the pending acquisition of key wind farm and power trading company Notos, Green Star will become one of only a few 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.
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=14528508&topic=GSAE&symbology=null&cp=off
"So do we still need to call that a Pending Aquisition ?
December 22, 2008 - 2:30 AM EST
Green Star Alternative Energy and Notos Sign Joint Venture Agreement
Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) announces a joint venture with Notos d.o.o. – Serbian wind energy and power trading company – and Sirius Regulus d.o.o., Serbian real estate holding company.
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=14751908&topic=GSAE&symbology=null&cp=off
51% ownership of all energy assets
December 22, 2008 - 2:30 AM EST
Green Star Alternative Energy and Notos Sign Joint Venture Agreement
Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) announces a joint venture with Notos d.o.o. – Serbian wind energy and power trading company – and Sirius Regulus d.o.o., Serbian real estate holding company. Many months of due diligence and negotiations have culminated in a strategic partnership that will give Green Star 51% ownership of all energy assets developed within this alliance.
Due to the complex nature of foreign ownership of companies within the Republic of Serbia, Green Star was required to develop an approach that would progress the business mandate while navigating the many corporate regulations. Green Star, Notos, and Sirius Regulus will collectively form a company in the Netherlands. This structure will give Green Star the best economic and tax benefits.
The initial Letter of Intent called for 30 million shares to be issued for the acquisition of Notos and Sirius Regulus. Green Star has negotiated to not issue any shares to Notos and Sirius Regulus, thus eliminating a 53% dilution of the share structure. The new agreement presents Green Star with control of the business enterprise through a 51% ownership of the joint venture. Sirius Regulus will make available the land required for the Belo Blato project and future real estate needed for expansion. Notos will supply the licensing, management, and expertise to construct the wind power facilities. Green Star’s responsibility will be to arrange the financing necessary to develop the wind farms. The contract maintains that all funding shall be paid back to Green Star before the sharing of profits.
Miodrag Andric, President of Notos, stated: “The partnership between Notos and Green Star will usher in an era of wind energy development for the Republic of Serbia. Together, the two companies will form the core of regional clean energy production. The opportunity available to Notos and Green Star is immense.”
J. M. De Castro, CFO of Green Star Alternative Energy, commented: “The collaboration between Green Star and Notos has been underway for many months, and I am pleased to report that the two companies are now formally engaged in a joint venture. The deal is complete and has been configured to provide our shareholders a significant increase in shareholder value. Green Star is committed to developing clean and very profitable electricity from wind energy.”
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=14751908&topic=GSAE&symbology=null&cp=off
NOW THOSE 3 Last posts
Dont they start to make a bigger picture?
GSAE is putting pieces together for us
Green Star Alternative Energy Announces Notos to Purchase Photo Voltaic Manufacturing Facility
December 8, 2008 - 9:29 AM EST
Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) announces Notos d.o.o.’s newest subsidiary (Notos Solar d.o.o.) has executed a letter of intent with Nanenergy Hungary Ltd. for the acquisition of a turnkey Thin Film Photo Voltaic (TFPV) manufacturing facility. In addition to the initial purchase of a 5 MW production plant, Notos Solar has negotiated the exclusive rights to this TFPV technology for the countries of the Republic of Serbia and Macedonia.
Nanenergy Hungary Ltd. has developed a thin film photo voltaic module that provides superior performance in the conversion of the sun’s energy to electricity. Nanenergy’s experience in developing this technology has led to greater manufacturing efficiency and has translated to decreased production costs and greater profitability. The modular design of the production facility allows for an ease of expansion in 5 MW increments to upwards of 100 MW of TFPV manufacturing capabilities. The European and worldwide shortage of solar paneling is driving the solar industry’s production expansion.
Based on prior construction and implementation timelines, Nanenergy estimates that Notos Solar may begin full-scale manufacturing within ten months. This includes the assembly of all infrastructures and equipment, as well as all necessary training of personnel.
On behalf on Nanenergy Hungary Ltd., Dr. Zoltan Kiss stated: "We are happy to be in partnership with Notos Solar in expanding our proven technology – which is the most energy efficient thin film paneling in the world. Also, by expanding into the very lucrative region of South-East Europe, which has some of the highest ratios of sunshine per hour in Europe, Notos Solar and Nanenergy are building a very strong platform for future developments in the region."
Miodrag Andric, President of Notos, stated: “Notos Solar will be acquiring this highly advanced 5 MW Thin Film Photo Voltaic manufacturing facility and provide the region with its first solar paneling plant. The Republic of Serbia’s Ministry of Energy has determined that Serbia’s average sun radiation is 40% higher than that of Europe. Notos is positioned to begin harnessing this potential in 2009.”
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=14528508&topic=GSAE&symbology=null&cp=off
Green Star Alternative Energy Announces Notos Receives ETSO Identification Code
Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) is pleased to announce that Notos d.o.o has been granted an ETSO Identification Code (EIC). This license provides Notos with the accreditation necessary to convey electricity through its Power Trading division.
In order to control the energy exchange balance, European Transmission System Operators (ETSO) must exchange market participants' data. This requires a uniform identification system. To this purpose ETSO has developed a code system named EIC (ETSO Identification Code). Each market participant has to have such a code which is valid across Europe.
Elektromreza Srbije, EMS, is the electrical transmission system and market operator in the Republic of Serbia. It is in charge of calculating cross-border capacities and the harmonization of all electrical conduction with neighbouring Transmission System Operators (TSO). EMS governs the allocation rights for utilizing cross-border transfer capacities of all tie-lines connecting the electrical power system of the Republic of Serbia and those of neighbouring countries.
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=13910972&topic=GSAE&symbology=null&cp=off
November 5, 2008 - 5:01 AM EST
Notos to Joint Venture With Eurowatt-Commerce
November 3, 2008 - 9:36 AM EST
Green Star Alternative Energy Announces Notos to Joint Venture With Eurowatt-Commerce
Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) announces Notos d.o.o. to partner with Eurowatt-Commerce of Belgium. This private European power trading and marketing company will joint venture with Notos to service the Republic of Serbia’s electricity market. In addition, this strategic alliance will increase Notos’ network of potential clients throughout Europe and allow for greater and more rapid expansion.
Eurowatt-Commerce is a leading independent pan-European company specializing in electricity marketing and trading, project financing, and energy consulting. It was founded in 1991 and, unlike many other companies in the field, was operating before competition in continental Europe was introduced. As a result, Eurowatt-Commerce is recognized throughout the industry as one of the pioneers of liberalized electricity markets. With an unrivalled experience of working in a competitive environment and developing new products and services, Eurowatt-Commerce is an ideal partner.
The final particulars that outline this collaboration are nearing completion. Contracts for this partnership are to be executed within the next two weeks in Brussels, Belgium.
On behalf of Eurowatt-Commerce, Alan Friedman stated: “We know how to create a collaborative environment that is necessary for success. This partnership approach is the most effective way to generate improved results.”
A lil something from smallcapvoice
http://smallcapvoice.com/blog/tag/gsae/
Just doing a lil lite reading
if anyone cares to join along im hoping its Gonna prove itself
http://www.ero-ks.org/GIS/Volume6_PSSE_Study_final.pdf
its only about 183 Pages,
But it is helping me make sence of
WHY SERBIA ???
I should actually recommend The GSAE Strategic Plan
as well as the Brochure, That are both available on the company website.
http://www.greenstarae.com
Get it here...
That should help set up the basics.
Wind Energy Market
Global wind energy capacity grew by 28.8% last year, even higher than the
average over the past decade, to reach total global installations of more
than 120, 800 MW (120.8 gigawatts (GW)) at the end of 2008. Over 27,000
MW (27 GW) of new wind power generation capacity came online in 2008,
36.4% more than in 2007.
Wind energy is now an important player in the world’s energy markets.
The global wind market for turbine installations in 2008 was worth about
36.5bn EUR or 47.5bn US$. “This is now a business from which it is clearly
possible to make a secure and profitable return.” Global Wind Energy
Council (GWEC) Report.
“Wind power is often the most attractive option for new power generation
in both economic terms and in terms of increasing energy security, not to
mention the environmental and economic development benefits. Volatile
fossil fuel prices and unreliable supply policies from fossil fuel rich
countries increase the risk of relying on conventional sources for power
production,” said GWEC’s Chairman, Prof. Arthouros Zervos. “The wind
industry also creates many new jobs: over 400,000 people are now
employed in this industry, and that number will be in the millions in the
near future. The leading markets in terms of new installed capacity in
2008 were the US and China. New US wind energy installations totalled
8,358 MW for a total installed capacity of 25,170 MW. The US has now
officially overtaken Germany (23,902 MW) as number one in wind power.
Europe and North America are running neck-to-neck, with about 8,900 MW
(8.9 GW) each of new installed capacity in 2008, with Asia closely
following with 8,600 MW (8.6 GW).”
US MARKET
The massive growth in the US wind market in 2008 increased the nation’s
total wind power generating capacity by 50%. The new wind projects
completed in 2008 account for about 42% of the entire new power producing
capacity added in the US last year, and created 35,000 new
jobs, for a total of 85,000 employed in the sector in the US.
ASIAN MARKET
The growth in Asia's markets has also been breathtaking; close to a third
of all new capacity in 2008 was installed on the Asian continent. In
particular, the wind energy boom is continuing in China, which once again
doubled its installed capacity by adding about 6,300 MW (6.3 GW),
reaching a total of 12,200 MW (12.2 GW).
In its response to the financial crisis, the Chinese government has
identified the development of wind energy as one of the key economic
growth areas. "In 2009, new installed capacity is expected to nearly
double again, which will be one third or more of the world's total new
installed capacity for the year," said Li Junfeng, Secretary General of the
Chinese Renewable Energy Industry Association (CREIA).
At this rate, China would be well on its way to overtake Germany and
Spain to reach second place in terms of total wind power capacity in 2010.
China would then have met its 2020 target of 30,000 MW (30 GW) ten
years ahead of time.
EUROPEAN MARKET
In Europe, almost 8,900 MW (8.9.GW) worth of new wind turbines brought
total wind power generation capacity up to nearly 66,000 MW (66 GW).
This makes wind power the leading power source for new generation
capacity, according to the European Wind Energy Association (EWEA).
While in the past, European growth was primarily spurred by the
established markets in Germany, Spain and Denmark, 2008 saw a much
more balanced expansion, led by France, the UK and Italy.
"The European figures show that wind energy is the undisputed number
one choice in Europe's efforts to move towards clean, indigenous
renewable power”, said Christian Kjaer, CEO of EWEA. “Wind energy is an
example of an intelligent investment that puts EU citizens’ money to work
in their own economies rather than transferring it to a handful of fuelexporting
nations”, commented Kjaer. “Investing in wind energy means
supporting technology leadership, climate protection, energy
independence, commercial opportunities and jobs.”
A company and industry with a future, GSEA
GSAE, Set your radars
$4.50Change:0.95 (26.76%)Volume:4,45810:56:34 EDTApr-6-09
Low volume, pre market gapper
someone liked it enough to hit the ask pre-bell
hey bud, thinkin shes much more affordable down here
Serbia wind projects?
hrmm
Green Star Announces Joint Venture With Notos and Sirius Regulus
SAN DIEGO, December 22, 2008 / -- Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) announces a joint venture with Notos d.o.o. – Serbian wind energy and power trading company – and Sirius Regulus d.o.o., Serbian real estate holding company. Many months of due diligence and negotiations have culminated in a strategic partnership that will give Green Star 51% ownership of all energy assets developed within this alliance.
share structure is looking tight
Outstanding Shares
26,250,000 as of Sep 30, 2008
Authorized Shares
200,000,000 as of Sep 30, 2008
Float
16,250,000 as of Jun 30, 2008
source pinksheets
Wind Energy is my new hobby, I see these fellas are moving strong in that direction.
No volume. Nodbody knows abot this one. No dilution either by the looks of things. If oil can turn back up, this might pop. If not, I have not much use for this stock. Either way, good luck to those that are holding. I am out of here.
oh I see...hope it's to recover soon...
considering general market its doing ok.
Just My Opinion. I might be biased because i own shares either long or short and/which which i might sell at any time. Do your own dd, my opinion is for entertainment purposes only and not to be construed as investment advice.
is this stock on the recovery ever?
OH YEAH, holding tuff
sure, I am right here...do you invest in this company?
yeah, i became interested in the company myself when i found the alternative energy things really compelling and having future.
Well, for right now, I am watching it trade for a few weeks. I don't plan to purchse until I further DD this bad boy. But looks promising so far.
Hey, I am new with this company but not so new with alternative energy.
After commenting in my previous post that downside momentum was begining to wane for shares of GSAE, the price made a new intraday low today, but bounced back handsomely to close up 3% in an otherwise miserable market.. Traders should now take a "long" position in this company as further gains are likely. We are likely to see a retest of the $2.95 to $3.00 resistance level in the coming days resulting in a very hansome profit for nimble traders.
Hot off the press from Beacon Equity. Im with 4God on this one!!!! Ride the wave weeeeeeeeeeeeeeeeeeeee.
It has been an unbelievable couple of weeks in the market. We hope that you have been on the right side of the trade and have been able to lock in some profits lately. Our last pick, GSAE, is still trading strong, holding a nearly 20% gain since it was released this past week. GSAE has been a great performer in an otherwise sloppy market. You need to keep GSAE on your radar over the next few months as they continue to make announcements regarding their wind energy operations. It is an exciting opportunity in a great sector.
We have delayed our next pick until later this coming week so the markets have a chance to calm down a bit. Everyone has been scared out of the market lately, and that has made for an especially difficult environment for small caps. We expect things to settle down soon and small caps to stage a big comeback. When that happens, we will continue to alert our members to trade ideas that we feel have very high profit potential. So make sure you are in a good cash position on Tuesday and ready to look into our next idea. We think it will definitely be worth your while.
Our next trade idea targets two major problems for all gas-powered vehicles – high emissions and low gas mileage. The company we strongly want our members to look at has developed an innovative technology that addresses both of these issues. It has just completed the product testing phase, and has received a very positive 3rd party validation on it. The stock has only been trading for about a month, and most of the market does not even know it exists. This is a great opportunity for our members to be the first ones to have a chance with this one, and ride the wave before the rest of the market realizes the potential this company has.
Be sure you are ready on Tuesday night when we will release this to everyone!
Hi Harley Boy
Hope your having a good weekend.
After initial profit taking kicked in yesterday on 64,000 shares, additional profit taking came in today on less than 14,000 shares. Moreover, we did not reach a new intraday low for the selloff. With the stochastics well out of overbought territory and downside momentum subsiding, one should look to build a position at current levels of around $2.25. There is substantial profit to be made if we just retest the previous $2.85 high. It is my belief that we will actually pierce through the all time high of $3.00 which will subsequently result in shares soaring shortly thereafter.
As I suggested in my post last night, GSAE would most likely retest the recent high of $2.95. After opening the day at $2.70, profit takers immediately came in and drove the price down to close at $2.39. Had we actually made a new high and then closed down, I would be more bearish. However, since we have yet to see an actual "bearish key-reversal', I remain constructive on the stock. However, we may very well see some sideways action for a few more days which, given the recent run, would be fine.
The A/D line is really more reflective of Monday's dive to $1.90 followed by yesterday's dn volume day. The ADX suggests more buyers than sellers (i.e. the pps goes up).
Pump and dump? LOL Aren't they all? The trick is to ride the wave.
No way to see dilution though. Not short term. I've tried every indicator in the book.
Best way to make money in these water is to play the chart/momo combo. This one has a good chart and is getting some momo. If it gets out of that channel again tomorrow things could get really interesting.
Looks like Acc/Dis went to the print press today. Looks like a PR pump and dump. Still waiting for more information
GSAE annotated chart:
After recently shaking out some of the weak holders of GSAE, those committed traders were rewarded with a 45% intraday pop in the shares ,as well as a closing gain of 22%. At a minimum, I would expect shares to retest today's high which could potentially result in a 20%+ gain from today's closing price. A break above $3.00 (the previous all-time high) would really bring in the momentum traders and take this stock significantly higher. Aggressive traders should build a position in these shares immediately.
From Beacon.
This week has been the worst market performance we have seen in nearly a decade. Today, the market averages were down triple digits again. In spite of this, we have been working hard to find companies that will perform well in ANY MARKET. Fortunately, we were able to alert our members this morning to a huge undiscovered opportunity in the wind energy sector.
Congratulations to all investors who were willing to brave this market today and profit from Green Star Alternative Energy (GSAE). At its highest point, shares were up an astonishing 45% today before settling for a very healthy 22% gain for the day. We firmly believe in this company's future prospects and feel it could break-out to new all-time highs in the near future. If a stock can perform this well in a tough market, there is no telling how well it will do when the broader market improves. The company has been issuing great news lately, and things appear to really be coming together quickly.
GSAE just announced more news after the close today regarding a new board member. While this normally is not a major event, the new board member is a very well respected figure in the wind energy sector, and even holds MULTIPLE PATENTS related to wind turbine efficiency. For a figure like this to join the company speaks a lot to the potential for GSAE.
Be sure to keep GSAE on your trading radar this week. When a stock makes a breakout move like today, it is normally not a one day event.
*******************************
Earlier this week, we alerted our members to OriginOil (OOIL) and its breakthrough technology that extracts oil from algae. It is developing a revolutionary alternative to petroleum energy. We just saw that the company was profiled by the Financial Times, which is a major international news publication. (You can view the article by clicking here) The article highlights the continued growing interest in this promising young company as well as the next-generation of biofuels and the promise that making biofuels from algae offers.
With all the recent media buzz surrounding OOIL and its cutting-edge technology, we want to make sure that our members are well positioned to capitalize on its growth potential. OOIL has seen its share price slip recently in this weak market, and it is a great time to look at this one again for a good entry point.
Here is a better chart stolen from the SA himself lol. Thanks bud.
I just got this in my email and thought i would share.
Just as we suspected earlier this week, it appears the markets have seen the lows for a while. Everyone seems to be in "rally mode" today now that it looks like AIG will avoid bankruptcy. While everyone will be talking about financial stocks today, there is still too much baggage in that sector to consider them for anything more than a daytrade.
Over the coming weeks, we expect the REAL GAINS to come from a rebound in alternative energy stocks. This is a perfect time to look into GSAE, before the rest of the market catches on to what they have going for them. GSAE currently trades for only about $2.00, which could be a bargain considering the huge potential GSAE has in the European wind energy markets.
According to 'Global Trends in Sustainable Energy Investment 2008' published July 2008 by New Energy Finance for the UN Environment Programme's (UNEP) Sustainable Energy Finance Initiative, climate change worries, growing support from world governments, rising oil prices and ongoing energy security concerns combined to fuel another record-setting year of investment in the renewable energy and energy efficiency industries in 2007. In fact, New Energy Finance reports $148 billion in new funding entered the sustainable energy sector globally last year, up 60% from 2006.
Wind is playing a leading role in this growing alternative energy marketplace. In the July 2008 Forbes article, 'Wind Sees Green', RBC Capital Markets analyst Stuart Bush asserts that the wind industry is attractive for investors because the price for generating electricity from wind turbines makes it one of the cheapest renewable energies. With the price of coal and natural gas soaring, demand for wind turbines is skyrocketing. "Wind energy is a renewable energy source where you sink the capital upfront and are effectively prepaying for electricity," said Bush. 'You don't pay anything for fuel going forward, so you eliminate the fossil-fuel price increase.'
With a smart, well planned growth strategy that incorporates multiple revenue streams, our latest idea - Green Star Alternative Energy, Inc (GSAE) already has plans to develop more than 300 MW of new power by 2013 as well as acquire several key Serbian wind power and energy trading companies.
Indeed, renewable energy is scaling up to meet rising demand. Growth in the wind power industry is surging and many investors are piling up the profits already. Wind energy will increasingly fill new power requirements and replace a growing share of expensive, environmentally depleting carbon-based energy generation in power grids worldwide. GSAE is well positioned in the clean energy storm, offering shareholders a unique opportunity to participate in this important sector on a global scale. We are extremely excited about this unique opportunity and suggest traders immediately do their due diligence and put this stock on their radar – it is bound to be an exciting ride!
news@beaconequityresearch.com • Beacon Equity Research
Green Star Alternative Energy Receives Status of Fully Reporting Issuer
SAN DIEGO-Sept 15, 2008 -- Green Star Alternative Energy, Inc. (Pink Sheets: GSAE - News), a renewable energy company focused on creating electricity from the power of wind, is pleased to announce that the Company is now a fully reporting Pink Sheet company.
With the status of fully reporting Pink, Green Star has shown to regulators and shareholders a high level of transparency. Information regarding interim financial statements, legal opinions, corporate articles, 15c211 filings, and other important data is now available for viewing at pinksheets.com. This is another important step in the process of becoming a fully reporting issuer on the OTCBB. The Company is moving towards the fulfillment of the requirements for obtaining quotation on the OTC Bulletin Board.
J. M. De Castro, CFO of Green Star Alternative Energy, stated: "I am pleased to report that Green Star is now a fully reporting issuer. This will speed up transactions as well as allow online investors full access to GSAE.PK. This is also a very important step in the process of obtaining a listing on the OTCBB. We continue to work diligently on all necessary administrative details that move the Company forward." About Green Star Alternative Energy (GSAE.PK) Green Star Alternative Energy, Inc. is engaged in developing clean energy from the power of wind. 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 a select few 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.
After a brutal intraday selloff that took shares of GSAE below yesterday's low, buyer's came in and not only erased the losses, but tacked on a 6% gain. This bodes very well for shares tomorrow. Moreover, given the relative strength of the stock versus the broader market, I am very encouraged. Stocks that hold up the best often lead the market when the good times return. Shares should definately be purchased at current levels.
LiquidStockReport.com: GSAE Developing 20 MW Wind Power Project
Sep 10, 2008 (M2 PRESSWIRE via COMTEX) --
Stocks to Watch: Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE), Forterus Inc. (OTCBB: FTER), Akeena Solar, Inc. (NASDAQ: AKNS), Golden Star Resources Ltd. (AMEX: GSS), Cooper Industries, Ltd. (NYSE: CBE)
Featured Stock: Green Star Alternative Energy, Inc.
(PINKSHEETS: GSAE) Current Price (2.10) http://www.LiquidStockReport.com
Green Star Alternative Energy Developing 20 MW Wind Power Project
SAN DIEGO--Green Star Alternative Energy, Inc. (Pink Sheets:GSAE - News) announces the development of a new wind energy project in the Republic of Serbia. The 20 Megawatt (MW) Belo Blato wind farm will be the initial phase of a 300 MW development plan. It will be the country's first alternative energy project to generate renewable, emission-free power from wind. Green Star is acquiring alternative energy development and power trading company Notos d.o.o. to become Serbia's first wind power developer. Green Star expects the Belo Blato project to come online by second quarter 2009.
Green Star reports the Belo Blato wind energy project is being developed to generate 20 MW of wind power to provide 6,000 homes with a supply of eco-friendly electricity. The wind farm will contribute to community development and enable Serbia to leverage its abundant renewable wind resource to meet increasing power requirements. The company also plans to grow and sell wheat to maximize use of the site's fertile soil.
The wind farm will occupy 89 hectares of land permitted for wind power and agriculture north of Belgrade. The site is located in the municipality of Zrenjanin within Vojvodina AP, which hosts some of the most constant winds in the region and offers excellent potential for wind energy generation and transmission. Nearly two-thirds of the surface area of Vojvodina AP features wind speeds exceeding 4 m/s. The prerequisite constant level of 5 m/s can be found in several locations: Zrenjanin, Bela Crkva, Indija, Irig, Sombor, Novi Sad and Vrsac. The Pannonian plain is ideal for the construction of wind turbines and the basic infrastructure, from roads to the electricity grid, is already in place.
Miodrag Andric, President of Notos, commented: "Serbia is ready for wind power. The nation has ample wind resources and a stable and growing economy. National energy policy calls for increased use of renewable resources to meet rising electricity needs. We are thrilled to be helping Serbia to realize its clean energy potential."
J. M. De Castro, CFO of Green Star Alternative Energy, stated: "The Belo Blato wind project is progressing through the final stages prior to construction. A feasibility study has been completed and permits are in process. We expect construction to begin in early 2009 with the first turbine operating in the second quarter. This project marks a new era of clean energy generation for Serbia. Green Star Alternative Energy is proud to be a part of it."
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 a select few 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.
All information re-posted from this page
http://www.wallstreetanalystreport.com/Opportunity-Snapshot.html#Opp_Anchor
Renewable energy is scaling up to meet rising demand. Growth in the wind power industry is surging. Wind energy will increasingly fill new power requirements and replace a growing share of expensive, environmentally depleting carbon-based energy generation in power grids worldwide. Green Star Alternative Energy is emerging at the center of the clean energy storm, offering shareholders a unique opportunity to participate in this important sector on a global scale.
Green Star Alternative Energy is executing a smart, well planned growth strategy that incorporates multiple revenue drivers. The company expects the Notos Power Trading division to be revenue-positive by year-end, projecting revenue of approximately $2,070,347 for Q4 2008. The Notos Wind division is working to develop a 20 MW wind farm in Serbia’s Belo Blato, with a development goal of more than 300 MW of new wind energy through acquisitions and expansion. There is excellent potential for Green Star Alternative Energy to catch a major updraft in the rising global market for wind power.
Clean Edge projects wind power (new installation capital costs) will expand from $30.1 billion in 2007 to $83.4 billion in 2017. Last year's global wind power installations reached a record 20,000 MW, equivalent to 20 large-size 1 GW conventional power plants. (Clean Edge, “Clean Energy Trends 2008”, March 2008)
Climate change worries, growing support from world governments, rising oil prices and ongoing energy security concerns combined to fuel another record-setting year of investment in the renewable energy and energy efficiency industries in 2007, according to "Global Trends in Sustainable Energy Investment 2008" published July 2008 by New Energy Finance for the UN Environment Programme’s (UNEP) Sustainable Energy Finance Initiative. New Energy Finance reports $148 billion in new funding entered the sustainable energy sector globally last year, up 60% from 2006.
Wind is playing a leading role in the growing alternative energy marketplace. RBC Capital Markets analyst Stuart Bush asserts that wind industry is attractive for investors because the price for generating electricity from wind turbines makes it one of the cheapest renewable energies. With the price of coal and natural gas soaring, demand for wind turbines is skyrocketing. "Wind energy is a renewable energy source where you sink the capital upfront and are effectively prepaying for electricity," said Bush. "You don’t pay anything for fuel going forward, so you eliminate the fossil-fuel price increase." (Forbes, “Wind Sees Green”, July 1, 2008)
One in every three countries now generates a portion of its electricity from wind, with 13 countries each exceeding 1,000 megawatts of installed wind electricity-generating capacity. (Earth Policy Institute, “Global Wind Power Capacity Reaches 100,000 Megawatts”, March 2008).
The Global Wind Energy Council (GWEC) reports 2007 marked another banner year for the wind industry, with 20 GW of new installations. The world’s total installations increased by 27% to reach over 94 GW. Europe remains the leading market for wind energy with over 57 GW of wind energy at the end of 2007, representing 61% of the global total. In 2007, European wind capacity grew by 8.5 GW, over 17% compared to the previous year.
The European Wind Energy Association (EWEA) offers a snapshot of Europe’s thriving wind industry in its report “Pure Power” published March 2008. Summary of the wind energy market in the EU-27 in 2007
• 56 GW installed capacity, including 1.08 GW offshore
• Annual installations of 8.5 GW, including 0.2 GW offshore
• Electricity production of 119 TWh, including 4 TWh offshore
• Meeting 3.7% of total EU electricity demand
• 40.3% of the annual new electricity generating capacity
• 55% of annual net increase in installed electricity generating capacity
• 7.3% of total installed electricity generating capacity
• Providing power equivalent to the needs of 30 million average EU households (15% of EU households)
• Avoiding 91 Mt of CO2 – equivalent to taking 46 million cars off the road (21% of the EU car fleet) and equal to 26% of the EU-15’s Kyoto obligation
• Annual avoided fuel cost of €3.9 billion
• Annual avoided CO2 costs of approximately €2 billion
• Annual investments in wind turbines of €11.3 bn
• Total life-time avoided fuel costs of wind power capacity installed in 2007 of €16 billion (assuming fuel prices equivalent to $90 a barrel of oil)
• Total life-time avoided CO2 cost of wind power capacity installed in 2007 of €6.6 billion (assuming CO2 price of €25/t)
• European manufacturers have a 75% share of the global market for wind turbines (2006)
Notos Wind Division
Notos Wind specializes in producing electricity from wind. With its strategic plan and business alliances in place, Notos is preparing for construction of its first wind farm, the 20 MW Belo Blato project. Additional projects in the Vojvodina AP region are being evaluated.
For the Belo Blato wind farm the company has secured 89 hectares permitted for wind power and agriculture located north of Belgrade in the river delta of central Banat in the municipality of Zrenjanin within Vojvodina AP. The site hosts some of the most constant winds in the region. The requisite permit applications have been made and a feasibility study has been completed.
The Belo Blato project is being developed to:
• Produce 20 MW of clean wind power, supplying 6,000 homes
• Enable the sale of carbon credits
• Leverage existing infrastructure and power markets
• Supply the growing energy markets of Serbia and surrounding European countries
• Establish the company as a leader in renewable energy generation in the region
• Help reduce greenhouse gas emissions
• Create local employment
• Contribute to local community development
• Maximize use of the wind farm’s land to grow wheat for the local community
• Demonstrate the potential for renewable energy development
According to the company Vojvodina AP offers excellent potential for wind energy production. Nearly two-thirds of its surface area features wind speeds exceeding 4 m/s. The Pannonian Plain, north of the Danube, covers approximately 2000 square kilometres and is suitable for the construction of wind generators with the basic infrastructure, from roads to the electricity grid, already in place. The prerequisite constant level of 5 m/s can be found in several locations: Bela Crkva, Indija, Irig, Sombor, Novi Sad, Vrsac, and Zrenjanin.
Notos Power Trading Division
Notos Power Trading is one of only a few electricity marketing and trading companies licensed to conduct business in Serbia. The country’s electricity market allows for both the import and export of power. The Serbian trading industry is assessed at 10 TW (terawatts = billion kilowatts), with 70% for imports and 30% available for exports.
Authorized power traders operate via a bid process conducted by the state owned utility Elektroprivreda Srbije, EPS. EPS issues a public tender for the desired quantity of electricity to be purchased or sold, and licensed entities submit their proposals.
The company is currently negotiating with several large energy trading firms in Europe to expand its network of potential customers. A European partnership would enable a more rapid expansion of activities and create a larger platform for Notos Wind and its generated electricity. Green Star expects to become the only company in Serbia producing its own wind energy available for export.
Notos Agri Division
Notos Agri maximizes use of the company’s wind farm land assets by producing and selling farmed goods. The division will develop a wheat farm on its 89 hectare Belo Blato site.
The agricultural sector contributed about 22% to Serbia's gross domestic product (GDP) in 2007. Agricultural exports continued to grow and contributed about 19% of total Serbian exports in 2007. Serbia's total agricultural exports were estimated at $1,690 million, an increase of 33% over the previous year, with agricultural trade surplus reaching an all time record of $574 million this year. Serbia's agricultural exports consisted mostly of sugar, corn, wheat, fruits and vegetables. Most of Serbia's agricultural and food exports went to former Yugoslav Republics, including Montenegro, Macedonia and Bosnia-Herzegovina and the European Union (EU). (US Department of Commerce, Country Commercial Guide 2008)
Agriculture has historically been the mainstay of Serbia’s economy with cropland occupying nearly two-thirds of its territory. Land and climate conditions are highly conducive to the development of agriculture. The principal area of commercial agriculture is the Vojvodina region and adjacent lowlands south of the Sava and Danube rivers, including the valley of the north-flowing Morava River. The economy of Vojvodina is based on the abundant wealth of fertile arable land which covers 84 percent of its area. Its natural fertility is improved by an extensive irrigation network.
With the Belo Blato wind project Green Star will become the first company to develop wind power in Serbia and answer the government’s call for increased renewable energy.
Significant Untapped Opportunity in Serbia
The Republic of Serbia is located in the central part of the Balkan Peninsula, on the most important route linking Europe and Asia, occupying an area of 88,361 sq. km. Serbia is known as the cross-roads of Europe. The international roads and railways passing down its river valleys make up the shortest link between Western and Central Europe, on the one side, and the Middle East, Asia and Africa, on the other.
Economy
According to the US Department of State’s Background Note updated March 2008, Serbia's economic progress is substantial, with output up nearly 46% since 2000. The stable dinar, a budget surplus, and a restructured financial sector all demonstrate the success of stabilization policies. The short-term economic outlook for Serbia is positive, but enterprise restructuring and unemployment remain major challenges.
Growth in 2007 was a healthy 7%. Through September of 2007, due to continued central bank policy to target inflation, the inflation rate averaged 7.4%. The increase in industrial production of 3.7% in 2007 followed a strong 2006 performance.
Serbia has moved up 27 spots to claim the 68th place in the 2007 World Bank and International Finance Corporation’s “Doing Business” report, which ranked 175 world economies based on the ease of setting up businesses and obtaining licenses, along with the complexity of tax and regulatory issues. (US Department of Commerce, Country Commercial Guide 2008)
Serbia's economic team views foreign capital as vital to restructuring and has demonstrated its committed to removing barriers and facilitating investor interest. The former Yugoslav Law on Foreign Investments (January 2002), amended and formally incorporated into Serbian law (2003), establishes the framework for investment in Serbia. The law eliminates previous investment restrictions; extends national treatment to foreign investors; allows the transfer/repatriation of profits and dividends; provides guarantees against expropriation; and allows customs duty waivers for equipment imported as capital-in-kind. In order to attract FDI, Serbia developed a range of incentives for investors in 2006, including cash grants for investments resulting in significant job creation, as well as tax incentives in the form of credits, reductions in payroll contributions and reduced corporate tax rates. (US Department of Commerce, “Country Commercial Guide 2008”)
Energy Policy
The current Serbian Energy Policy sets out three crucial elements of sustainable development: competitive energy markets, environment protection, and energy efficiency and use of renewable sources. Energy Law was adopted by the National Assembly of Serbia on July 22, 2004 and entered into force on August 1, 2004.
The institutions founded according to this Law are the Energy Agency of The Republic of Serbia (SEA), the Energy Efficiency Agency of The Republic of Serbia (SEEA), and the Energy Association.
Serbian energy policy includes the following objectives:
• Creation of transparent, attractive and stable conditions for investments into building, revitalization and upgrading of energy-related facilities and systems, as well as creation of conditions for their connection to energy systems of other countries
• Stimulation of use of renewable energy sources
• Stimulation of environment protection
• Decentralization of rights and responsibilities in planning and execution of development programs in the energy sector
Serbia’s Renewable Energy Potential
According to the Serbian Ministry of Mining and Energy, Serbia’s endowment of renewable energy resources is substantial but the realization of its clean energy potential is in its infancy.
In 2007 Serbia produced 8.796 Mtoe and imported 6.139 Mtoe. Renewables made up only 5.6% of the country’s primary energy supply. All of the renewable energy (9,928 GWh) was produced by hydro power plants. There are currently no wind power projects producing energy. (Republic of Serbia – Ministry of Mining and Energy, “Renewable Energy Sources”, May 2008).
Alternative energy generation is a priority for the Republic of Serbia. The Serbian Energy Efficiency Agency is designated by the government to promote energy efficiency and renewable energy. The country is finalizing a host of legal regulations to promote investment in renewable energy. These include the definition of renewable producers as privileged power producers, guaranteed grid access for privileged power producers through obligation of local distribution companies to purchase all the electricity produced from renewable sources, amendments to energy law, feed in tariffs, and standardized power purchase agreements. (Republic of Serbia – Ministry of Mining and Energy, “Renewable Energy Sources”, May 2008).
Green Star Alternative Energy is engaged in generating clean, profitable, secure and renewable energy from wind.
The company is working to bring 300 MW of new wind power online by 2013.
Green Star has an LOI in place to acquire key Serbian wind power and energy trading companies Notos and Sirius Regulus. Notos has a 20 MW wind power project under development, extensive local contacts and government authorization to import and export electricity.
With the acquisition Green Star will become one of only 15 companies licensed to buy and sell energy to and from Serbia and the only company able to generate and sell its own wind energy.
The company has identified a tremendous niche opportunity in the Republic of Serbia. Serbia’s national energy policy calls for the development of renewable resources for power generation. Renewables make up only a tiny fraction of the country’s energy supply, with the majority of power generated by burning coal. Today hydropower is the only clean energy source utilized.
Green Star is working to become the first developer of wind power in Serbia.
New global investments in energy technologies—including venture capital, project finance, public markets, and research and development—expanded by 60% last year, from $92.6 billion in 2006 to $148.4 billion in 2007, according to research firm New Energy Finance.
Government policies are driving the adoption of renewable energy. This year the EU issued a directive to boost overall consumption of renewable energy from 8.5% today to 20% by 2020. In the United States, where cumulative installations of wind power grew 45% in 2007, more than 30 states have adopted renewable portfolio standards (RPS).
Europe has embraced wind power. Since 2000, 30% of all installed electricity generating capacity in the EU has been wind power. Wind energy more than quadrupled from 13 GW to 57 GW by the end of 2007. {European Wind Energy Association (EWEA), “Pure Power”, March 2008}
The global market for wind turbines grew by approximately 30% last year to 20,000 MW. European companies continue to lead the market, estimated at nearly $38 billion. (EWEA, March 2008)
World marketed energy consumption is projected to increase by 50% by 2030. Worldwide, the consumption of renewable energy is expected to nearly double, increasing 2.1% per year from 35 quadrillion Btu to 59 quadrillion Btu in 2030. (US Department of Energy, “International Energy Outlook 2008”, June 2008)
Economic growth in Serbia continues at a healthy clip. Serbia’s GDP grew by an estimated 7.5% in 2007 over the previous year, and stood at $44 billion. GDP is expected to grow between six and six and a half percent in 2008. (US Department of Commerce, Country Commercial Guide 2008)
Green Star’s wind power projects will enable the company to sell greenhouse gas emissions credits. The global carbon emissions trading market grew 80% in 2007 to reach $60 billion. (Point Carbon, "Carbon 2008", March 16, 2008)
Green Star Alternative Energy is working to develop more than 300 MW of new wind power by 2013. The pending acquisition of Serbian wind power and energy trading companies Notos and Sirius Regulus will enable Green Star to establish a significant foothold in the clean energy market. The Notos Wind division’s 20 MW Belo Blato wind farm is progressing through the final stages prior to construction, with a completed feasibility study and permits in process. The company expects to be revenue positive this year, projecting an estimated $2,070,347 in revenue for Q4 2008 from the Notos Power Trading division.
Green Star Alternative Energy, Inc. is engaged in developing clean energy from the power of wind. The company is targeting a significant opportunity to supply growing energy markets in the Republic of Serbia and surrounding European nations. 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 recently announced the execution of a letter of intent to acquire Notos d.o.o. and Sirius Regulus d.o.o., privately owned wind energy development, power trading and land ownership companies. With the acquisition Green Star will effectively become the first organization to develop wind energy in Serbia, beginning with the 20 MW Belo Blato wind farm. Upon completion of the acquisition Green Star will also become one of only a few companies licensed to trade electrical power into and out of Serbia, and the only company in Serbia able to generate and export its own wind energy.
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GSAE ~ Green Star Alternative Energy, Inc.
On January 19, 2011, De Castro Investments Inc. (" De Castro "), and Verdad Telecom, Inc., a Nevada corporation (the " Purchaser ") entered into a Stock Purchase Agreement (the " Purchase Agreement "), pursuant to which De Castro (collectively, the " Seller ") will sell to the Purchaser, and the Purchaser will purchase from the Seller, an aggregate of 34,900,000 shares of Common Stock (the " Shares "), which Shares represent 55.1% of the issued and outstanding shares of Common Stock and Seller's debt and liabilities. The Closing occurred on January 30, 2011. The Purchaser paid the aggregate purchase price for the Shares with personal funds. There are no arrangements or understandings among members of both the former and new control groups and their associates with respect to election of directors or other matters.
We provide executive financial
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Market Value1 | $411,694 | a/o Oct 10, 2011 |
Shares Outstanding | 63,337,543 | a/o Feb 28, 2011 |
Float | 28,437,543 | a/o Dec 31, 2010 |
Authorized Shares | 200,000,000 | a/o Dec 31, 2010 |
Par Value | 0.001 |
Shareholders of Record | 8 | a/o Mar 17, 2011 |
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