$200,000,000 Solar Park Development LOI Signed by Wild Brush Energy Inc.
April 19 2012 - 6:00AM
Marketwired
Wild Brush Energy (WBRE) (PINKSHEETS: WBRE) has signed a Letter of
Intent with the Scandinavian-Arabic Chamber of Commerce (SACC), to
participate on any potential Alternative Energy projects under SACC
consideration. The Energy Projects under SACC consideration range
in size from 10Mw to 150Mw.
Currently, the parties are reviewing an opportunity in which
WBRE, through the SACC would acquire the rights to develop a Solar
Energy Park in Ghana, North Africa. The Solar Park has a targeted
output of 150Mw, which could supply approximately 48,000 households
with renewable energy, and reduce carbon emissions by approximately
110,000 tons annually. The contract, conservatively valued at
US$200,000,000.00, could generate more than US$700,000,000.00 in
revenue over its 20-year term.
Global Solar production has been growing by nearly 30% per annum
over the last 20 years. As alternative energy becomes more familiar
to the populace and alternative energy parks become more frequent,
it is estimated that solar park energy production could exceed $100
billion globally by the year 2014.
Wild Brush Energy is focusing on mid-size to large-scale solar
parks. The location of these parks will be in southern and
southwest regions of the U.S. and southern European countries with
favorable renewable energy policies and economic returns.
About Wild Brush Energy Wild Brush Energy
Inc. is a diversified energy company whose goal is to identify and
develop clean air energy producing alternatives. Wild Brush is
presently exploring green energy producing opportunities such as
large scale Commercial Wind Farms, and Solar Energy Parks.
Safe Harbor for forward-looking statements
This release contains certain statements that are "forward-looking"
statements (as the term is defined in the Private Securities
Litigation Reform Act of 1995). Any such forward-looking statements
are inherently speculative and are based on currently available
information, operating plans and projections about future
expectations and trends. As such, they are subject to numerous
risks and uncertainties, such as general economic and business
conditions, the ability to acquire and develop specific projects,
the ability to fund operations, and other factors over which Wild
Brush Energy Inc. has little or no control. Actual results and
performance may be significantly different from expectations or
trends expressed or implied by such forward-looking statements.
Wild Brush Energy Inc. expressly disclaims any obligation to update
the statements contained in this release.
Contact: Wild Brush Energy Inc. 1-206-652-3310 Email Contact
www.wildbrushinc.com
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