FTTN: Clean Energy Investment Surges in Wake of Oil’s Price Drop
April 07 2015 - 7:10AM
Business Wire
As First Titan Corp. (OTCBB:FTTN) seeks out new opportunities in
solar power, the fastest-growing segment of the energy industry,
clean energy investment has taken a major jump worldwide in the
wake of slumping oil prices.
According to Bloomberg New Energy Finance, new funds for solar,
wind, biofuels and other low-carbon energy technologies rose 16
percent to $310 billion last year—the sector’s first growth since
2011. A major uptick in solar investment had the biggest impact on
the final numbers for 2014. Investment in projects that generate
electricity from the sun rose 25 percent to $149.6 billion in 2014,
its highest share of the total ever.
“The trends are clear: Solar power has reached a tipping point,”
said FTTN CEO Sydney Jim. “By next year, many experts are
predicting that solar power will reach grid parity across the U.S.,
opening up tremendous new opportunities to transform the way we
generate electricity. There is an unprecedented level of investment
capital flowing into solar right now, and we want a piece of
it.”
FTTN is already scouting new acquisition and development
opportunities in a solar industry poised to explode. Through its
wholly owned subsidiary, First Titan Energy, the company is
building a diversified asset base of energy properties and is
dedicated to the continued development of energy assets throughout
North America alongside companies such as Lucas Energy, Inc. (NYSE:
LEI), Earthstone Energy, Inc. (NASDAQ: ESTE), Fieldpoint Petroleum
Corp. (NYSE: FPP) and Evolution Petroleum Corp. (NYSE: EPM).
For more information on FTTN’s current projects, please
visit www.firsttitanenergy.com.
About First Titan Corp.
First Titan Corp., through its wholly owned subsidiary, First
Titan Energy, LLC, is committed to the exploration and development
of oil and natural gas resources around the globe. The Company
continually seeks to partner with energy developers that are
pursuing innovative new methods of oil and gas extraction,
including the development of new technologies, cleaner methods and
unconventional resources.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the
words “believes,” “expects,” “anticipate” or similar expressions.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
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In addition, description of anyone’s past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof.
First Titan CorporationSydney Jim, 850-269-7267President
and CEOinfo@firsttitanenergy.com