Clean Energy Secures Strategic Wind Farm Ridge In Pincher Creek, Alberta, Canada Region.Business Editors SACRAMENTO, Calif.--(BUSINESS WIRE)--March 25, 2003 Clean Energy, Inc. (Pink Sheets:CLER CLER Comité de Liaison Energies Renouvelables (French: Committee of Renewable Energy) CLER Clerical CLER Council for LAB/LAS Environmental Research CLER Classification and Labelling of Explosives Regulations 1983 ) has secured a 2.5 mile ridge to build a 10 - 50 Megawatt wind farm under long term option and lease Agreements. The Canadian site was selected for its exceptional annual wind capacity, and existing multi-year comprehensive hourly wind data. The Corporation is evaluating 750 kilowatt to 2 megawatt proven gearless wind turbine designs Wind turbines are designed to exploit the wind energy that exists at a location. Aerodynamic modelling is used to determine the optimum tower height, control systems, number of blades, and blade shape. from European suppliers, and is proceeding with the required wind farm permitting process. The majority of the clean electricity generated from the proposed wind farm will be sold to the Alberta Power Pool independent spot market on an hourly basis. Average historic pricing for the past 30 days from the Alberta Power Pool is $0.07 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. per kilowatt-hour. A portion of power sales will be made available under long-term power purchase agreements with industrial and commercial customers within the region. Additional corporate benefits for the project include Canada's commitment to the Kyoto International Accord, a federal Canadian wind power production incentive for additional revenues, and the developing marketplace for verifiable emission credits. Clean Energy is currently examining several potential funding sources to ensure the best competitive long-term financing Long-term financing Liabilities repayable in more than one year plus equity. arrangements are attained for this specific project. Clean Energy, Inc., a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , is a development stage company formed in 1998 to commercialize innovative technologies in the renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. industry. Our business focus is clean pollution-free electricity from wind, solar, hydro, and other innovative alternative energy sources. Our goals are to acquire technology rights and licenses from patent holders and others, secure market presence, and raise sufficient capital to build, own and operate electrical generating facilities throughout the world. Pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. definitions and provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, this news release contains certain forward-looking statements. Such statements use words including, but not limited to, "expects," "believes," "intends," "indicates" and other such words and phrases Words and Phrases® A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present. not directly supportable as statements of present fact. Such forward-looking statements are subject to certain risks and uncertainties, including, among other things, the company's business conditions, the general economic environment, reliance on performance by third parties, etc. These and other risks, uncertainties and additional factors could cause actual results to differ materially from those projected. |
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