Reasons to own PSPW: Repost of tiso_us and milOx, excellent posts guys, thought it was worth repeating for anyone new to the board. Don't let them steal your shares!
------------------------------------------------ Prime Sun Power Inc. (OTC Bulletin Board:PSPW.ob - News) (Frankfurt:PSD.f - News) (the "Company"), recently rebranded as 3Power Energy Group, is pleased to announce that it has signed a financing and security agreement with CR&P Holding S.p.A., an Italian investment group, for a $50 million secured loan.
The Company anticipates commencing steps for the acquisition of 58MW of development projects in Latin America from Seawind's existing pipeline and intends to develop up to 3 GW of renewable energy projects over the next 3 years. 3Power's combined project pipeline covers wind, solar, hydro and biomass development opportunities in Chile, Ecuador, Peru, France, Italy, Greece and Albania. The Company is currently in the process of securing rights for the development of an aggregate of 300 MW of renewable energy generation during the course of 2011.
"..3Power is the final stages of negotiation to acquire the majority stake of 200 MW of hydro power plant projects in Turkey." "..3Power are investigating hydropower opportunities within Honduras and the potential participation in the development of a 14 MW hydroelectric plant. It is indicated that the technical and permitting studies for this project have been completed, with a firm power purchase agreement in place, and with an optional 40 MW second phase development."
"..3Power's potential project pipeline is located mainly in the region of Puglia and Sardinia. The projects are mainly ground mounted but include green house mounted sites. All the projects are fully licensed and ready to start construction. Some are grid connected. 3Power plan closing of project pipeline acquisitions upon finalisation of the fund raising activity following the merger completion." "..3Power intends to establish its presence in the French renewable energy market and is investigating projects in several locations, including Corsica." "..3Power's planned strategy in Greece is to focus on the fast track licensing process for large scale PV energy projects. The company is currently in the process of applying for a 100 MWp license in association with strong strategic partners."
--> http://www.3powerenergy.com/generation-sun.html Fast track licensing in Greece >> The criteria for fast track licensing refer to investments of more than €200,000,000 or more than €75,000,000 with the creation of at least 200 new jobs.
"..3Power's merger with Seawind (which has been present in Chile since 2004) provides access to a wind power portfolio in excess of 1 GW, of projects at different stages of development." "..The achievements embodied in the Seawind team include delivery of a number of extraordinary projects such as the installation of the highest altitude MW sized wind turbine in the world.
In 2011, 3Power intends to build two projects of 9 MW and 4.5 MW nominal power which are both permitted and ready to construct. The energy will be sold either under a power purchase agreement to private companies or 3Power will take advantage of the legal framework in Chile which provides preferential and guaranteed power dispatch of wind power projects."
"..3Power's team is negotiating to participate in a 39.6 MW wind power project in the south west of Nicaragua. Twenty two of Vestas 1.8 MW wind turbine units are scheduled to be installed by the end of 2011.
A power purchase agreement with fixed prices has been signed with Dissur-Disnorte and the transmission connection agreement has been agreed with Enatrel."
News 
Market Data 
Discover 
