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NACEL Energy Announces Third Texas Power Project

NACEL Energy's three domestic wind power projects, Swisher, Blue Creek and Channing Flats, are all located in the Texas Panhandle, believed to be among the nation's premier wind energy corridors.
by Staff Writers
 Denver CO (SPX) Jan 30, 2009
 NACEL Energy has confirmed it has entered into two long term wind development rights agreements covering an aggregate of 1573 acres of farm land located in Swisher County, Texas. Swisher is the Company's third Texas wind energy project located in the Panhandle.

At project build-out, NACEL Energy anticipates 20 MW, or more, of power generating capacity from Swisher.

Collection of site specific wind data has commenced at Swisher with the installation of a 60 meter (200 ft.) NRG Systems meteorological tower transmitting data back to NACEL Energy, via an Iridium satellite uplink.

While wind data is collected, additional important development milestones including, without limitation, interconnection engineering, turbine engineering and obtaining turbine debt financing, must be completed by the Company.

Accordingly, NACEL Energy cautions that project commissioning (completion) at Swisher is not expected until at least the end of the Company's fiscal 2009-10 year, or later depending upon future events.

NACEL Energy's three domestic wind power projects, Swisher, Blue Creek and Channing Flats, are all located in the Texas Panhandle, believed to be among the nation's premier wind energy corridors.

According to the Texas State Energy Conservation Office (SECO), the Panhandle contains the State's "greatest expanse of high quality winds." SECO's research indicates that while Class 4 wind locations such as Swisher, Blue Creek and Channing Flats comprise just 4.38% of the land area of Texas, these lands, in their aggregate, could supply 100% of the State's (1995) electric power consumption.

NACEL Energy Chief Executive Officer, Brian Lavery, stated:

"Swisher is our third wind power project in the Texas Panhandle. We anticipate generating a total of 70 MW of clean, renewable power upon build-out of our three projects - enough energy to meet the daily requirements of an estimated 20,000 average American homes."

(Source: SECO website, "The Energy Report 2008" Chapter 11 (Wind Energy), Exhibit 11-9)

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