2024-03-28
http://w3.windfair.net/wind-energy/pr/4740-usa-nacel-energy-achieves-xobjectives-with-640-mw-wind-power-in-development

USA - NACEL Energy achieves xObjectives with 640 MW wind power in development

New 1000 MW target set and preparation for rapid expansion underway

Nacel Energy Corporation(“NACEL Energy”), a growing wind power company in business to generate clean, renewable energy for America, reports it has achieved its initial corporate goal of 80 MW of wind power generation projects under development, first announced January 10, 2008. With 640 MW of generating capacity now in the development phase, NACEL Energy is currently working to accomplish two new xobjectives: 1000 MW of new wind energy projects underway by 2010 and the listing of its shares on the American Stock Exchange (AMEX).

To achieve its two newly stated goals, Mr. Dan Leach has been promoted from Managing Director of Operations to President. Prior to joining NACEL Energy, Mr. Leach served as a senior wind energy development consultant for Duke Energy Generation Services Wind LLC, a subsidiary of Duke Energy Corporation of Charlotte, NC. Since 1995, Mr. Leach has participated in all phases of the development and construction of 21 Greenfield utility class wind power generation facilities.

NACEL Energy currently has 40 MW of domestic utility class wind power under development in Texas with its Blue Creek and Channing Flats projects. NACEL Energy has also teamed with established infrastructure financier Ridge Partners, LLC to construct 600 MW of new wind projects in the Caribbean and Latin America. To further accelerate growth, NACEL Energy is augmenting its 3 person Operations Team reporting to Mr. Leach, to include an additional wind energy field developer focused on U.S., Latin American and Caribbean regions. The Company expects to announce the appointment in the near term.

Incoming NACEL Energy President Dan Leach stated: “Our experienced Operations Team, our key Texas wind power generation projects at Channing Flats and Blue Creek, and our new Latin American & Caribbean projects, in an environment of rising demand for wind energy globally, have enabled NACEL Energy to achieve our initial corporate xobjective of 80 MW of wind power in development, a full two years ahead of schedule.”

Mr. Brian Lavery, NACEL’s outgoing President and a founder of the Company, will now serve as Chairman of the Board of Directors. Mr. Lavery brings more than 20 years of renewable and conventional energy experience to the position. Mr. Lavery is tasked with fulfilling the stringent corporate governance standards of the senior AMEX exchange, including the recruitment of three outstanding energy industry veterans to serve as independent directors. NACEL Energy is seeking an AMEX listing to access a deeper pool of capital, increase its visibility among institutional investors and demonstrate its commitment to shareholder accountability. The Company expects to announce independent directorship appointments in the near term.

About NACEL Energy Corporation:
NACEL Energy Corporation is a rapidly growing wind power generation company developing clean, renewable energy. NACEL Energy is among the first in the nation to develop utility class wind energy projects with a sustainable footprint and the participation of local partners. The Company currently has 640 MW of domestic and international wind energy projects under development with a goal of 1000 MW by 2010. NACEL Energy was founded in 2006 and is headquartered in Cody, Wyoming.

For more information please contact Trevor Sievert at trevor@windfair.net
Source:
Nacel Energy Corporation
Author:
Edited by Trevor Sievert, Online Editorial Journalist / Author: Nacel Energy Staff
Email:
press@windfair.net
Link:
www.windfair.net/...
Keywords:
NACEL Energy Corporation, wind energy, wind farm, renewable energy, wind power, wind turbine, rotorblade, offshore, onshore




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