Blue Diamond Completes Final Huerfano Wind Study to Satisfy Project Financing Requirements; Data Shows Very Strong Class 5 Winds
September 27 2010 - 7:35AM
Marketwired
Blue Diamond Ventures, Inc. (PINKSHEETS: BLDV), through its
affiliate Blue Diamond Ventures Renewables, LLC, announced today
that its final wind study has been completed to satisfy project
financing requirements for the proposed 198-megawatt wind project
in Huerfano County, Colorado, with data showing very strong winds
at the site.
FreedomWorks, LLC, reports the data shows very strong class 5
winds are available at the Huerfano Wind Farm site and that nearly
600,000 megawatt-hours (MWh) can be generated from the wind farm
annually. The study was completed by Windlogics.
"Knowing the wind farm's production capacity obviously gives our
equity partners the level of comfort needed to move forward with
project financing," said Blue Diamond CEO John Quincey Moaning.
Blue Diamond Ventures Renewables, LLC, and FreedomWorks, LLC,
have proposed construction of the 198-megawatt wind project, with
68 miles of transmission in Southern Colorado. The project is
expected to cost $420 million.
Last year, wind study results for the Huerfano Wind Project --
proposed on more than 8,000 acres -- came back highly favorable
with wind speeds representing some of the best in Colorado. The
data for the project is available at:
http://www.engr.colostate.edu/ALP/ALP_62_Sheep_Mountain.htm.
About Blue Diamond Ventures, Inc.: Blue Diamond Ventures, Inc.
is an agricultural company, and through its affiliate, Blue Diamond
Ventures Biofuels, LLC, conducts business as a biofuels company
with operations in the U.S. and future endeavors in the Caribbean
and Africa.
This press release contains forward-looking statements involving
risks and uncertainties, including statements regarding the
Company's future performance. Such statements are based on
management's current expectations and are subject to certain
factors, risks and uncertainties that may cause actual results,
events and performance to differ materially from those referred to
or implied by such.
Contact: Blue Diamond Ventures, Inc.
832-724-9418
Blue Diamond Ventures (PK) (USOTC:BLDV)
Historical Stock Chart
From Apr 2024 to May 2024
Blue Diamond Ventures (PK) (USOTC:BLDV)
Historical Stock Chart
From May 2023 to May 2024