Project Development, Wind Power

RE Developer Secures Wind Farm Location

Clean Energy, Inc. has secured a 2.5 mile ridge in Pincher Creek, Alberta, Canada to build a 10 – 50 MW wind farm under long term option and lease agreements.

Sacramento, California – March 27, 2003 [SolarAccess.com] The Canadian site was selected for its exceptional annual wind capacity and existing multi-year comprehensive hourly wind data. The company is evaluating 750 kW to 2 MW proven gearless wind turbine designs from European suppliers, and is proceeding with the required wind farm permitting process. The majority of the clean electricity generated from the proposed wind farm will be sold to the Alberta Power Pool independent spot market on an hourly basis. Average historic pricing for the past 30 days from the Alberta Power Pool is US$0.07 per kWh. A portion of power sales will be made available under long-term power purchase agreements with industrial and commercial customers within the region. Additional corporate benefits for the project include Canada’s commitment to the Kyoto International Accord, a federal Canadian wind power production incentive for additional revenues, and the developing marketplace for verifiable emission credits. Clean Energy is currently examining several potential funding sources to ensure the best competitive long-term financing arrangements are attained for this specific project. Clean Energy, Inc. is a development stage company based in Nevada, formed in 1998 to commercialize innovative technologies in the Renewable Energy industry.