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NACEL Energy Updates Blue Creek Texas Wind Energy Project
DENVER, CO -- (Marketwire) -- 11/07/08 -- NACEL Energy Corporation (OTCBB: NCEN)(FRANKFURT: 4FC) ("NACEL Energy"), a wind power company in business togenerate clean, renewable energyfor America, today confirmed it has signed a long term wind developmentrights agreement covering 2082 acres of land for its Blue Creek wind energy project in Texas -- anarea approximately 25% larger than previously anticipated by the Company.
The larger land parcel secured for wind power development means NACELEnergy's Blue Creek project may have greater generating potential thanfirst determined by the Company. NACEL Energy's analysis indicates that theconstruction of a series of 10 MW phases is optimal and that 30 MW or moreof generating capacity at Blue Creek may be achievable at project buildout.
NACEL Energy's Blue Creek project is located in Moore County, in the TexasPanhandle. According to the Texas State Energy Conservation Office (SECO),the Panhandle contains the State's "greatest expanse of high qualitywinds." SECO's research indicates that while Class 4 wind locations such asBlue Creek comprise just 4.38% of the land area of Texas, these lands, intheir aggregate, could supply 100% of the State's (1995) electric powerconsumption. (Source: SECO website, "The Energy Report 2008" Chapter 11(Wind Energy), Exhibit 11-9)
Collection of site specific wind data has commenced at Blue Creek with theinstallation of a 60 meter (200 ft.) NRG meteorological tower transmittingdata to NACEL Energy, via an Iridium satellite uplink. While the data iscollected additional important development milestones including, withoutlimitation, interconnection engineering, turbine engineering and obtainingturbine debt financing, must be completed by NACEL Energy. Accordingly, theCompany cautions that project completion at Blue Creek is not expecteduntil at least 2010.
NACEL Energy Chief Executive Officer, Brian Lavery, stated:
"Securing 2082 acres for NACEL Energy's Blue Creek project in a long termdevelopment agreement, and the collection of site specific wind data whichwill enable future project engineering, are important milestones in theCompany's pursuit of our corporate objective of 1000MW of wind power under development by2010."
About NACEL Energy Corporation (OTCBB: NCEN)
NACEL Energy is one of the first publicly traded companies in the nationdeveloping utility class wind energy projects with the participation oflocal landowners and partners. NACELEnergy has commenced development on its Blue Creek and Channing Flatsprojects in the Texas panhandle and anticipates a total of 50 MW of newdomestic wind power upon their completion. Also, NACEL Energy is pursuingdevelopment of a three phase wind energy project in the Dominican Republicwhich, if successful, would supply clean, renewable, wind power to a regionwhich relies predominantly on fossil-fuels. NACEL Energy was founded in2006 and successfully completed its IPO in December of 2007.
For more information visit our website www.nacelenergy.com
NACEL Energy
The WIND POWER COMPANY
Notice regarding Forward-Looking Statements
Statements in this press release relating to NACEL Energy's plans,strategies, economic performance and trends, projections of results ofspecific activities, and other statements that are not descriptions orhistorical facts may be forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995, Section 27A of theSecurities Act of 1933 and Section 21E of the Securities Exchange Act of1934. Forward-looking information is subject to risks and uncertainties,and actual results could differ materially from those currently anticipateddue to a number of factors, which include, but are not limited to, riskfactors inherent in NACEL Energy's business. Forward-looking statements maybe identified by words such as "should," "may," "will," "anticipate,""expect," "estimate," "intend" or "continue," or comparable words orphrases. This press release cautions that NACEL Energy must undertake andcomplete many steps in the development model before the generation of windenergy can commence. Among the numerous items which have to be completed inthis regard include, without limitation, obtaining pertinent agreements andpermits, construction of project facilities, satisfying financialrequirements and other burdens. Interested persons are encouraged to readthe SEC reports of NACEL Energy, particularly its Annual Report on Form10-KSB for the fiscal year ended March 31, 2008, and its Quarterly Reporton Form 10-Q for the quarter ending June 30, 2008, for meaningfulcautionary language disclosing why actual results may vary materially fromthose anticipated by management.
Contact:NACEL Energy Investor Services1-888-242-5848
NACEL Energy's Blue Creek project is located in Moore County, in the TexasPanhandle. According to the Texas State Energy Conservation Office (SECO),the Panhandle contains the State's "greatest expanse of high qualitywinds." SECO's research indicates that while Class 4 wind locations such asBlue Creek comprise just 4.38% of the land area of Texas, these lands, intheir aggregate, could supply 100% of the State's (1995) electric powerconsumption. (Source: SECO website, "The Energy Report 2008" Chapter 11(Wind Energy), Exhibit 11-9)
Collection of site specific wind data has commenced at Blue Creek with theinstallation of a 60 meter (200 ft.) NRG meteorological tower transmittingdata to NACEL Energy, via an Iridium satellite uplink. While the data iscollected additional important development milestones including, withoutlimitation, interconnection engineering, turbine engineering and obtainingturbine debt financing, must be completed by NACEL Energy. Accordingly, theCompany cautions that project completion at Blue Creek is not expecteduntil at least 2010.
NACEL Energy Chief Executive Officer, Brian Lavery, stated:
"Securing 2082 acres for NACEL Energy's Blue Creek project in a long termdevelopment agreement, and the collection of site specific wind data whichwill enable future project engineering, are important milestones in theCompany's pursuit of our corporate objective of 1000MW of wind power under development by2010."
About NACEL Energy Corporation (OTCBB: NCEN)
NACEL Energy is one of the first publicly traded companies in the nationdeveloping utility class wind energy projects with the participation oflocal landowners and partners. NACELEnergy has commenced development on its Blue Creek and Channing Flatsprojects in the Texas panhandle and anticipates a total of 50 MW of newdomestic wind power upon their completion. Also, NACEL Energy is pursuingdevelopment of a three phase wind energy project in the Dominican Republicwhich, if successful, would supply clean, renewable, wind power to a regionwhich relies predominantly on fossil-fuels. NACEL Energy was founded in2006 and successfully completed its IPO in December of 2007.
For more information visit our website www.nacelenergy.com
NACEL Energy
The WIND POWER COMPANY
Notice regarding Forward-Looking Statements
Statements in this press release relating to NACEL Energy's plans,strategies, economic performance and trends, projections of results ofspecific activities, and other statements that are not descriptions orhistorical facts may be forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995, Section 27A of theSecurities Act of 1933 and Section 21E of the Securities Exchange Act of1934. Forward-looking information is subject to risks and uncertainties,and actual results could differ materially from those currently anticipateddue to a number of factors, which include, but are not limited to, riskfactors inherent in NACEL Energy's business. Forward-looking statements maybe identified by words such as "should," "may," "will," "anticipate,""expect," "estimate," "intend" or "continue," or comparable words orphrases. This press release cautions that NACEL Energy must undertake andcomplete many steps in the development model before the generation of windenergy can commence. Among the numerous items which have to be completed inthis regard include, without limitation, obtaining pertinent agreements andpermits, construction of project facilities, satisfying financialrequirements and other burdens. Interested persons are encouraged to readthe SEC reports of NACEL Energy, particularly its Annual Report on Form10-KSB for the fiscal year ended March 31, 2008, and its Quarterly Reporton Form 10-Q for the quarter ending June 30, 2008, for meaningfulcautionary language disclosing why actual results may vary materially fromthose anticipated by management.
Contact:NACEL Energy Investor Services1-888-242-5848
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