September 28 - Grass Roots Research and Distribution, Inc. Issues a 'BUY' Rating with a Long Term $14.87 Target Price for Green Star Alternative Energy, Inc.
Green Star Alternative Energy, Inc. (OTC: GSAE) ("GSAE" or the "Company") announced a new research report has been issued on the Company by Grass Roots Research and Distribution Inc., Wall Street's leading independent research firm, with a "BUY" recommendation and a $14.87 long term price target.
September 24 - Green Star Negotiating a Joint Venture to Construct 120 MW Wind Farm
Green Star Alternative Energy, Inc. (OTC: GSAE) ("GSAE" or the "Company") announces that the Company is in negotiations with a private corporation for the development of a 120 MW wind energy facility. The project is in the advanced stages of pre-construction and in a high wind velocity zone.
The 120 MW wind farm is to be sited in North East Serbia - specifically in the Municipality of Pancevo, District of Banat, within the Autonomous Province of Vojvodina. Over 28 months of wind resource data has been accumulated over three micro locations and the results indicate significant energy potential. A "Protocol of Cooperation" has been signed by the City of Pancevo, Secretariat of Energy for AP Vojvodina, and the Serbian Energy Efficiency Agency; and a license for grid connection is in process by the national transmission operator (EMS).
Data analysis has been conducted using the Wind Atlas Analysis and Application Program (WAsP); it has provided optimal wind turbine positioning for 60 - 2 MW generators. The existing 110 kV overhead line runs adjacent to the site and allows for economical integration to the electrical grid; in addition, the transportation infrastructure further eases the construction process. The 120 MW wind energy facility is expected to generate revenues in excess of $62 million per annum.
Mike Andric, CEO of Green Star Alternative Energy, stated: "This is an important development for both Green Star and the Republic of Serbia. The project will firmly establish wind as the foremost renewable energy source for the entire region by supplying over 40,000 homes with electricity."
www.transworldnews.com/NewsStory.aspx?StoryID=125727
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Börse trägt das Risiko immer mit sich, die Gewinne hat sie nur manchmal dabei.