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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.
Current Officers in GSAE with BIO'S
Combining business acumen with expertise in alternative energy, an extensive network of local contacts in Serbia and a firm commitment to the environment, Green Star’s management team is focused on building company growth and shareholder value.
Mr. Peter Gilcud
Chief Executive Officer and Director, Green Star Alternative Energy
Mr. Peter Gilcud has nearly twenty years of experience driving growth for companies. He served as President & Director of Fresh Creek Holdings Ltd. from 1990 to 2000. Mr. Gilcud was President & CEO of Bahamas Transport Ltd. from 2000 to 2007. He earned his Bachelors and Masters degrees in Economics and Political Science from the University of Minnesota-Minneapolis.
Mr. Jesse Medeiros De Castro
Chief Financial Officer, Green Star Alternative Energy
Mr. Jesse Medeiros De Castro brings a wide range of financial experience to Green Star Alternative Energy. Concurrently Mr. De Castro serves as the Asset and Liability Analyst for North Shore Credit Union. From 2002 to 2005, Mr. De Castro was Vice-President in charge of Energy Sector Analysis for Altus Capital Corp. From 2004 to 2007, Mr. De Castro was Consultant to SBS Ltd. on alternative energy. Mr. De Castro holds a BSc in Actuarial Science from Simon Fraser University.
Miodrag Andrić
President & Founder, Notos
Mr. Miodrag Andrić is the strategic thinker and visionary leading the Notos d.o.o. Board of Directors. He provides a wealth of international business experience and leads the core management group in a solutions based approach to all corporate endeavors. For the past seven years, Mr. Andrić has been involved with the alternative energy sector. His prior position as a Director of Scientific Biofuel Solutions Ltd. gives him insight into the future growth of Notos d.o.o. His professional experience includes: Business Consultant to Maraccot Industries, Bangkok, Thailand; Director of Sales and Marketing for Active Energy, Vancouver, Canada; Consultant to Tidewater Management, Vancouver, Canada. Mr. Andrić is a graduate of the University of Sport Beograd, Serbia. He is fluent in the languages of Serbian, English, French, Italian, German, and Russian.
Lara Rajičić
Vice President & Co-founder, Notos
Mrs. Lara Rajičić is a talented leader with exceptional experience in both material and human resources. Her abilities provide the company with a high level of efficiency when implementing the development strategies shaped by the team. Her professional experience includes: Sales Manager for Agroil S.A, Athens; Director for RRK Electronics Ltd, Athens; Financial Director for Seal Commercial S.A., Athens; Director for Sirius Regulus, Belgrade. She has developed a track record of increasing corporate profitability. Mrs. Rajičić is fluent in Serbian, Greek and English.
Robert Braun
Financial Advisor, Notos
Mr. Robert Braun currently works as a consultant to Financial Funds which are primarily oriented to Eastern European Investments. He is a graduate of the Goethe University in Frankfurt, Germany. His career began with a position in Deutsche Bank as an analyst for the closed funds sector. He then moved to ARC Financial Consulting in New York, where he spent his initial years in analysis and industrial finance; he has maintained a role in ARC as an independent advisor for their East Europe division.
Miloš Zebić
Legal Advisor, Notos
Mr. Miloš Zebić has an extensive background in banking, stock exchange law, and all forms of corporate law within Serbia and Montenegro. He currently holds the positions of: Chief Legal Advisor to European Construction, Serbia; Chief Legal Advisor to MPC Holding, Serbia; Chief Legal Advisor for Merrill Lynch, Serbia, and Director of JugoPetrol's Foreign Trade Division. His education from the Faculty of Law, Belgrade, includes Course 9 - European Union Laws, Banking and Stock Market Laws, and International Business Law. Mr. Zebić is fluent in Serbian, English, and Italian.
You too, I'll see what I can dig up tonight
Could be, we'll just have to watch it for now...chart looks like it is going dip down to the $1 area. Low float with restricted shares. I'll wait till it drops below $1
I gotta hit the hay - getting late on the East Coast. I'll get the shovel out tomorrow and start digging. Have a good one.
Looks like it's heading down now...best to watch it for a week or so before making any decisions
I figure someone fell on their face, and someone else got/bought/horse traded the shell.
08/07/2008 13:30:13|S2|GSAE|RRTV|Green Star Alternative Energy, Inc. Common Stock|R & R Travel, Inc. Common Stock|08/08/2008|5-1 F/S; Payable upon surrender of Certificates. **|||u|Y|100|
The chart (inside) looks odd for an IPO / shell acquisition / whatever the heck happened, lol
The share price has been rising for the last few weeks - normally they start at a offering price and then take a nose dive.
The forward split seems unusual too. Normally, these things start out with some sort of reverse merger of somekind.
Interesting.
CHART:
How did they go from R&R Travel to Wind Energy...something is fishy
Formerly R & R Travel, Inc. until 8-2008 / Did a 5-1 forward split on Aug 08, 2008
It might be nice if the frigging company name was spelled correctly on the Board!! * Alternatertive * jeeesh...
Yeah, I couldn't find them the other day. Yahoo has a pretty good history, although I am going to dig in further to the symbol change and the reason for it.
I have requested that stockcharts add GSAE to their database - hopefully by Monday I can post a chart.
What's in store, who knows, no chart history, I like the share structure though. I still think it is a bit pricey.
Share Structure
Green Star Alternative Energy
State of Incorporation
Nevada
Total Number of Shares Currently Issued
26,250,000
Total Number of Restricted Shares
10,000,000
Total Number of Publicly Traded Shares
16,250,000
Company Website
http://www.greenstarae.com/
Green Star Alternative Energy Signs Letter of Intent to Acquire European Wind Power Company
Last update: 9:15 a.m. EDT Aug. 27, 2008
SAN DIEGO, Aug 27, 2008 (BUSINESS WIRE) -- Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) is pleased to announce the signing of a Letter of Intent with both Notos d.o.o. and Sirius Regulus d.o.o. The LOI outlines the bases for the acquisition of these privately held Serbian companies.
Green Star's management believes this merger to be an ideal step in fulfilling the new corporate strategy. It provides the company with a strong energy development presence in Europe that will lead to rapid expansion in the region. There are three divisions within the Notos framework -- Notos Wind Energy, Notos Agri, and Notos Power Trading. This precise system of asset integration affords superior efficiency and greater profitability. Notos is the operations arm while Sirius Regulus is the holder of the land used for the various projects constructed by its sister company Notos.
Notos Wind Energy specializes in the creation of electricity from wind energy. With projects currently scheduled for development, Notos is an important participant in the alternative energy sector. The concentrated experience of Notos' management team and advisory board has allowed Notos significant penetration into a burgeoning and profitable industry. Notos Agri is the agricultural department for Notos. It uses the real estate assets, which house the wind turbines, for the farming of various products from corn, wheat, raspberries, and cattle. Notos Power Trading is the energy trading division for Notos. It is one of only a few licensed companies permitted to trade electrical power into and out of the Republic of Serbia, and the only entity which will have its own electricity (through Notos Wind Energy) available for trade.
"We look forward to making Green Star Alternative Energy a company of prominence and environmental integrity. It will be the first company in Serbia to make use of clean wind energy to produce ecologically friendly electricity. We are in a position to become an influential presence in the green energy industry and I appreciate the opportunity to lead Green Star towards this bright and beneficial future."
- Miodrag Andric, President Notos
"Green Star Alternative Energy is in the right place by taking part in this emerging clean energy market. This is a fantastic opportunity and the acquisition of Notos and Sirius Regulus will provide solid growth in shareholder value. The financial outlook for this company is noteworthy."
- J. M. De Castro, CFO Green Star
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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
management for your company
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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