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Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE | Quote | Chart | News | PowerRating) continues to issue positive news this week, and as the demand for clean renewable energy solutions continues to skyrocket, investors are urged to continue monitoring the stock. Yesterday after the markets closed, the company, which is working to develop more than 300 megawatts of clean wind energy, issued a press release announcing the acquisition of a wind measurement system from NRG Systems.
More great news for the company! The press release states that this wind sensor will assist Green Star in further evaluating targeted wind farm locations within the Republic of Serbia and Europe. The Company's development plan includes 300 MW of installed power capacity -- producing renewable, eco-friendly electricity from wind energy.
The initial region of examination will include the Autonomous Province of Vojvodina, in the north of the Republic of Serbia. This area is of significant interest because it experiences some of the most constant winds in the region and offers excellent capability for wind energy generation and transmission. Nearly two-thirds of the surface area of Vojvodina AP features wind speeds exceeding 4 m/s. Greater potentials can be found in several locations: Zrenjanin, Bela Crkva, Indija, Irig, Sombor, Novi Sad and Vrsac. The wind measurement system will allow for additional data to be collected and provide further precision to the extensive studies that have been conducted by the national Meteorological Institute, and the University of Novi Sad, in Vojvodina.
NRG Systems is an American company based in Vermont and has served the wind energy industry for over 25 years. The 50-meter XHD NRG TallTower is a highly versatile meteorological tower designed specifically for wind resource measurements.
This week the company also reported the development of a new wind energy project in the Republic of Serbia. It will be the country's first alternative energy project to generate renewable, emission-free power from wind. That press release states that the 20 Megawatt (MW) Belo Blato wind farm will be the initial phase of a 300 MW development plan! Highlights from the press release include:
-- Green Star expects the Belo Blato project to come online by second quarter 2009. -- Green Star reports the Belo Blato wind energy project is being developed to generate 20 MW of wind power to provide 6,000 homes with a supply of eco-friendly electricity. -- Green Star is acquiring alternative energy development and power trading company Notos d.o.o. to become Serbia's first wind power developer. -- The company also plans to grow and sell wheat to maximize use of the site's fertile soil
For complete details, please refer to Monday's press release issued after the markets closed.
Investors are urged to monitor the progress of Green Star Alternative Energy!
Prior to the latest press release, the stock closed yesterday at $2.16 a share.
For an in-depth profile of Green Star Alternative Energy, visit http://www.wallstreetpresswire.com/page.php?BN_UID=103.
Other Stocks of interest yesterday were:
Chesapeake Energy Corporation (NYSE: CHK | Quote | Chart | News | PowerRating) up 3.2% on 27.6 million shares traded. Chesapeake Energy Corporation is the third-largest producer of natural gas in the U.S. Headquartered in Oklahoma City, the company's operations are focused on exploratory and developmental drilling and corporate and property acquisitions in the Fort Worth Barnett Shale, Fayetteville Shale, Haynesville Shale, Mid-Continent, Appalachian Basin, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast and Ark-La-Tex regions of the United States.
Qualcomm Incorporated (NASDAQ: QCOM | Quote | Chart | News | PowerRating) up 2.4% on 26.2 million shares traded. Qualcomm Incorporated (http://www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies.
International Business Machines Corp. (NYSE: IBM | Quote | Chart | News | PowerRating) up 2.6% on 11.4 million shares traded. IBM helped pioneer information technology over the years, and it stands today at the forefront of a worldwide industry that is revolutionizing the way in which enterprises, organizations and people operate and thrive.
The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company". The company received compensation for services performed for Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE). Currently, the compensation is twenty five thousand dollars from third party, Equity Alliance International LLC., who is non-affiliated and may hold a significant position in the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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