Quest Minerals & Mining Corp., a Kentucky based operator of energy and mineral related properties, announced that the U.S. Bankruptcy Court for the Eastern District of Kentucky has approved the Second Amended Disclosure Statement and Third Amended Plan of Reorganization for Quest’s subsidiary, Gwenco, Inc. The Court also authorized Gwenco to begin soliciting approval from its creditors for the Plan of Reorganization. With these developments,... Read more..
NACEL Energy Corporation, a wind power company in business to generate clean, renewable energy, today confirmed it has entered into two long term wind development rights agreements covering an aggregate of 636 acres in Donley County, Texas. Hedley Pointe is the Company’s fourth Texas wind energy project located in the Panhandle. At project build-out, NACEL Energy anticipates 10 MW, or more, of power generating capacity from Hedley Pointe. NACEL... Read more..
The European Commission recognised offshore wind energy as a key technology in Europe’s attempt to stimulate the Union’s economies. The European Wind Energy Association (EWEA) considers that the €500mn in “smart investment” to specific offshore projects that the EC has earmarked is money well spent. All projects are in an advanced stage of development and could make a real contribution to the economic recovery. “Committing EU funds to... Read more..
Precision Petroleum Corporation has consummated an agreement with Nitro Petroleum Incorporated as of January 28, 2009 pursuant to its letter of intent for the exploration of oil and gas properties in the Northeastern Province of the Powder River Basin project. Precision Petroleum Corporation is very encouraged with the execution of this agreement due to the relative unexplored nature of the properties with the possible upside potential of finding... Read more..
SymPowerco Corporation CEO John Davenport announces that the company is in receipt of a secondary review of its application for a series of development grants from a major North American Government Agency. SymPowerco is in the final stages of the grant application process after having submitted its application to a rigorous academic and industrial peer review. The peer review has generated what is expected to be a final set of technical questions... Read more..
Evolution Solar Corp. was selected by Atlantic Energy Solutions Inc. of Saratoga Springs, New York, to serve as a partner to pursue the development of a 5 megawatt Solar Plant in southern Florida. The $400,000,000.00 plant will be funded by a private Florida developer and will be built, operated, and maintained by the partnership. “We are past the RFQ stage and are now detailing final negotiations,” stated Tim Brock, CEO of Atlantic Energy... Read more..
Power-Save Energy Company, an emerging leader in the renewable energy and energy savings products industry, announced the acquisition of 10% of Arizona Power-Save LC. Power-Save is also pleased to announce the appointment of a new President and CFO. Power-Save Energy Co. has made an investment into a well established solar energy integrator by purchasing 10% of Arizona Power-Save. Arizona Power-Save located at 4111 E. Valley Auto Dr. #103 in Mesa,... Read more..
China Prosperous Clean Energy Corporation, a retailer and wholesaler of compressed natural gas and liquefied petroleum gas through its subsidiaries based in China, today announced that the Company has completed the first stage of construction for natural gas distribution network for residential usage in Shijiazhuang Yuanshi County. This project has now entered the second stage which includes a CNG mother station, an additional 64.7 kilometers of natural... Read more..
Masdar chief executive Dr. Sultan Al Jaber announced that Masdar, a multi-faceted future energy initiative wholly owned by the Mubadala Development Company, is well-positioned to capitalise on the “undeniable momentum and long term viability” of renewable energy technology in his keynote speech at the World Future Energy Summit in Abu Dhabi. Dr. Al Jaber acknowledged the recent global economic downturn in his opening ceremony address,... Read more..
Suntech Power Holdings Co., Ltd., the world’s leading manufacturer of photovoltaic (PV) modules, announced it has supplied 5MW of Suntech solar panels for a 10MW solar electricity system to power Masdar City, the world’s first carbon neutral city being built in Abu Dhabi, United Arab Emirates. The panels will form part of the largest solar plant in the Middle East and is being built and designed by leading Abu Dhabi based solar power system... Read more..