Luc Desender, CEO of Electrawinds, stated: "The Serbian energy market will be a welcome addition to our portfolio and will become a significant part of our future developments."
The article excerpt below was published April 22, 2009.
“The European Parliament adopted the final version of the third internal market package earlier today, 19 months after the Commission’s initial proposal in September 2007.
According to the final text, National Regulatory Authorities will have to facilitate the integration of renewables into the power grid, and
TSOs will have to grant electricity from renewable sources priority dispatch, confirming the requirement contained in the 2009 Renewable Energy Directive.
This will help adjust the balance of the power markets, currently heavily tilted towards conventional fuels.
SAN DIEGO, CA, Apr 27, 2009 (MARKET WIRE via COMTEX) -- 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. GSAE expects quick closure to $23 mill revs deal 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 Signs Agreement With Electrawinds
SAN DIEGO, CA--(Marketwire - April 23, 2009) - Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE) (http://www.greenstarae.com/) is pleased to announce a collaboration agreement between the Green Star/Notos JV and Electrawinds. The companies share common goals and values -- to bring about change to the energy market through the development of renewable electricity. This association will work towards partnerships on various developments not only in the Republic of Serbia, but Europe as well. Electrawinds recognizes the significant opportunity in Serbia and wishes to participate in providing the nation with clean energy. ------------------------------------------------------------- Green Star Signs Agreement With City of Belgrade
(PINKSHEETS: GSAE) (http://www.greenstarae.com) is pleased to announce the signing of an agreement between the Green Star/Notos JV and the Territory of Belgrade. The arrangement places Green Star in the forefront of Belgrade's plan to develop alternative energy sources. The first phase will include the positioning of Green Star's sophisticated meteorological sensors at strategic locations throughout the municipality. The collection of air flow data will provide the necessary information for the engineering of the wind turbines that will ultimately occupy these sites. ---------------------------------------------------------------
GSAE CFO making the interview circuit. GSAE would like to remind the public that J.M. De Castro, CFO, will be available for a live interview at http://www.investmentnation.com on Wednesday, April 29th, 2009, at 6 pm EDT to discuss the company's plans moving forward. Investors who wish to attend the interview are encouraged to view the GSAE message board, within the Investment Nation Website, by visiting the following link http://www.investmentnation.com/viewboard.php?id=357&sb=Y&sc=Y. We also have another live interview scheduled at http://www.stockhideout.com on Monday, May 4th, 2009 at 10 am; on that date and time, participants may login by navigating to the following webpage http://www.stockhideout.com/visichat/ ------------------------------------------------------------- GSAE photo of the BELO blato project
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