Major European Wind Turbine Manufacturer Signs Agreement to Supply Wild Brush With up to $200 Million in Turbines
SEATTLE, WA, Jul 13 (MARKET WIRE) --
Wild Brush Energy (PINKSHEETS: WBRE) has signed a Letter of Intent with
major Scandinavian wind turbine manufacturer WinWinD Oy of Finland. This
agreement outlines WinWinD's commitment to supplying Wild Brush Energy
with up to $200 million in turbines.
Wild Brush Energy's project optimally, will be up to 120Mw in size and
cost upwards of $270 million in development expenditures. Wind Turbines
supplied by WinWinD would cost approximately $200-240 million. Once
completed, this Wind Park would supply upwards of 290,000 Mw of
electricity annually. This is enough green energy to supply over 40,000
homes with electricity and offset nearly 260,000 tones of Greenhouse
gases.
Total gross electric sales over a 20-year period are estimated at over
$740 million for a project this size.
WinWinD Oy supplies markets in the USA, Europe, Asia and the Middle East.
An Abu Dhabi renewable energy group recently took a major equity position
in WinWinD for 120 million euros. WinWinD is responsible for the largest
wind farm in the Baltic region, and by next year will be capable of
producing 2500 Mw in turbines annually.
About Wild Brush Energy Inc.
Wild Brush Energy Inc. is a diversified energy company whose goal is to
identify and develop clean air energy producing alternatives. Wild Brush
is presently exploring green energy producing opportunities such as large
scale Commercial Wind Farms, Solar Energy Paneling prospects, and Small
Scale Hydro Electric projects; both within North America and abroad.
Safe Harbor for forward-looking statements
This release contains certain statements that are "forward-looking"
statements (as the term is defined in the Private Securities Litigation
Reform Act of 1995). Any such forward-looking statements are inherently
speculative and are based on currently available information, operating
plans and projections about future expectations and trends. As such, they
are subject to numerous risks and uncertainties, such as general economic
and business conditions, the ability to acquire and develop specific
projects, the ability to fund operations, and other factors over which
Wild Brush Energy Inc. has little or no control. Actual results and
performance may be significantly different from expectations or trends
expressed or implied by such forward-looking statements. Wild Brush
Energy Inc. expressly disclaims any obligation to update the statements
contained in this release.
Contact:
Wild Brush Energy Inc.
1-206-652-3310
Email Contact
www.wildbrushinc.com
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