NAEG Reports Breakthrough for its Wind and Solar Projects

Native American Energy Group, Inc. (NAEG), an independent energy company, reported that the newly proposed construction of a 203-mile-long transmission line tying Alberta into the U.S. power grid in Montana may be the solution that allows NAEG to tap the potential for wind and solar generation in Montana.

One of NAEG’s near-term goals is to begin joint-venturing renewable energy projects on several Indian reservations throughout Montana and the Northwest in which NAEG will serve as Master Developer. NAEG has secured relationships with cutting-edge solar and wind power technology providers for the creation of wind farms and energy parks. The company found, however, that despite a need for 100,000 megawatts (MW) of energy on the West Coast, a problem impeding execution has been the severe shortage of transmission line capacity. Now, a company from the private sector that was formed to finance large infrastructure projects, Montana Alberta Tie Ltd. is proposing a “big, bulk power movement” type transmission line that is capable of alleviating the backlog of transmission capacity needs in Montana. Construction could begin later this year, allowing NAEG to move forward with its alternative green energy projects. “This is great news for NAEG,” said Raj Nanvaan, Chief Financial Officer of Native American Energy Group. “If it goes through Montana, it concerns us because the problem has been transmission line capacity. If this succeeds here it will encourage transmission development in other parts of the state and other parts of the country, which is exactly what we need for the successful implementation and expansion that we have planned to serve the various tribes.”
Previous articleFPL to Issue RFP on Renewable Energy Sources
Next articlePepsiCo Now at Top of U.S. REC Purchasers

No posts to display