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)
I couldn't possibly think as slow as you if I TRIED.
“Bears make money, bulls make money, but pigs get slaughtered.”
