So why all the posts. So many just showed up not posting facts or DD. Placer Gold Corp. Clean Energy Projects AcquisitionFont size: A | A | A10:38 AM ET 9/30/09 | Market Wire Placer Gold Corp. (PINKSHEETS: PGCR) (the "Company") has secured a new multi-billion dollar renewable energy business opportunity.
20,000MW EAST COAST WIND POWER PROJECTS:
The company has acquired a 20% interest in two large proposed coastal wind power projects in the Eastern Seaboard of the US from Zero Carbon Wind Energy Corp. Consideration was the issuance of 80 million restricted shares and payment of a 50% share of preliminary expenses.
The Virginia and North Carolina Coastal Clean Power projects are each for 20,000MW output, making them the largest proposed wind power projects in the US.
The annual wind force in the lease application areas is higher than existing wind onshore farms, creating double the annual electricity output and significantly higher profitability.
Potential clean energy revenues of approximately $2 billion per year would accrue to PGCR's 20% equity when completed.
The Company and partners plan to secure 30% clean energy government capital grant and loan guarantees to finance 100% of the project construction costs.
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