Blue Diamond Ventures Reaches Principal Agreement With Financial Entity to Co-Develop Proposed $420 Million, 198mw Wind Energy P
24 6월 2010 - 9:35PM
Marketwired
Blue Diamond Ventures, Inc. (PINKSHEETS: BLDV), through its
affiliate Blue Diamond Ventures Renewables, LLC, has reached an
agreement in principle with a joint venture financial partner to
co-develop and begin construction this year on its proposed
198-megawatt wind project, plus 68 miles of transmission line in
Huerfano County, Colorado.
"This represents a significant milestone for us as we move
toward next level financing," said Blue Diamond CEO John Quincey
Moaning. "Our goal from the outset has been to bring sustainable,
renewable energy to the marketplace."
Blue Diamond Ventures Renewables, LLC has identified key markets
in California where it plans to sell the power, and it anticipates
completion of the financing structure with its financial joint
venture partner within a few weeks. The company will provide
updates as events unfold.
Blue Diamond Ventures Renewables, LLC currently owns 60 percent
of the proposed $420 million Project in Southern Colorado in a
joint venture with FreedomWorks, LLC, which owns 40 percent. Blue
Diamond has been the principal funding source since moving the
project toward actualization and implementation two years ago.
FreedomWorks has provided most of the technical support.
Last year, wind study results for the joint venture's 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. John Moaning CEO (713)
493-2587
Blue Diamond Ventures (PK) (USOTC:BLDV)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Blue Diamond Ventures (PK) (USOTC:BLDV)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024