GSAE Announces Mobilization of Wind Sensor Equipment to Belo Blato
2009-04-09 09:00 ET - News Release
SAN DIEGO -- (Business Wire)
Green Star Alternative Energy, Inc. (Pink Sheets:GSAE) announces the transfer of one of its 60-meter NRG wind measurement systems to the Belo Blato project site. This will assist in refining the resource data required to optimize specific turbine placement. Favourable weather conditions now permit the construction crew to begin the pre-erection phase for the wind tower.
Green Star continues to advance through the corporate plan and progress towards increasing the portfolio of energy assets. Various locations throughout the Republic of Serbia are being closely examined for commercial viability. Upon processing this due diligence, the Company will be seeking the necessary land acquisitions to add to its wind energy potential.
Discussions with several wind turbine manufacturers have been productive and are ongoing. Different producers provide distinct engineering solutions to Green Star’s requirements; as such, the design process is both meticulous and vital. Financing packages have also been presented and are being considered in the decision making process.
Miodrag Andric, President of Notos, commented: “We have begun the year directed squarely at increasing our wind power capability, while continuing to develop Belo Blato. The analyses of our research are pending, but appear to be very promising.”
J. M. De Castro, CFO of Green Star Alternative Energy, stated: “Green Star is firmly on track to begin producing clean electricity in 2009. The Company is moving forward with its expansion plans for the region and will keep the shareholders apprised of the significant events upcoming, including our endeavor for increased exposure on a more notable stock exchange.”
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