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Monday, May 11, 2009 12:09:27 PM
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Closure is expected within 30 days,
Green Star/Notos JV to Acquire 60 MW Wind Energy Project
SAN DIEGO, CA--(Marketwire - April 27, 2009) - Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE) ("GSAE" or the "Company") (http://www.greenstarae.com/) is pleased to announce the negotiations for a 60 MW wind energy partnership project, and potentially other future projects with Vintim d.o.o., a private Serbian wind research company.
According to Vintim's research, this project has outstanding historical wind measurements and can produce more than 175 GW/h per year for the Province of Vojvodina. This represents potential gross revenue of over $23 million per annum.
GSAE's participation may include revenue sharing, a joint venture, or an outright acquisition. Closure is expected within 30 days, more details to follow.
Green Star/Notos JV to Acquire 60 MW Wind Energy Project
SAN DIEGO, CA--(Marketwire - April 27, 2009) - Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE) ("GSAE" or the "Company") (http://www.greenstarae.com/) is pleased to announce the negotiations for a 60 MW wind energy partnership project, and potentially other future projects with Vintim d.o.o., a private Serbian wind research company.
According to Vintim's research, this project has outstanding historical wind measurements and can produce more than 175 GW/h per year for the Province of Vojvodina. This represents potential gross revenue of over $23 million per annum.
GSAE's participation may include revenue sharing, a joint venture, or an outright acquisition. Closure is expected within 30 days, more details to follow.
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