Blue Diamond Ventures Moves Toward Wind Turbine Agreement, Following Highly Favorable Wind Study Results
September 02 2009 - 8:42AM
Marketwired
Blue Diamond Ventures, Inc. (PINKSHEETS: BLDV) -- Following highly
favorable wind study results in Huerfano County, Colorado, Blue
Diamond Ventures, through its affiliate Blue Diamond Ventures
Renewables, LLC, and its joint venture partner Freedom Works, LLC,
have moved toward a wind turbine supply agreement and final designs
to construct a 198 megawatt wind project plus 68 miles of
transmission line.
On-site met tower wind data for the joint venture's Huerfano
Project will be completed on September 8, 2009. The data for the
project is available at:
http://www.engr.colostate.edu/ALP/ALP_62_Sheep_Mountain.htm.
The new study is the culmination of five years of wind data
studies throughout Huerfano County and proves the existence of
resource at the Colorado Wind Generation Resource Area #8 as
described by the Governor's Energy Office. The project's
transmission line has been identified by Colorado Governor Bill
Ritter as the number one transmission priority in the State of
Colorado.
"Despite the current economic environment, we have worked
extremely hard to meet our goals and increase shareholder value,"
said Blue Diamond CEO John Quincey Moaning.
Last year, the company established a goal to implement its
renewable generation portfolio -- the foundation of which is the
development of basic infrastructure to facilitate timely
transmission, substation and wind turbine generator installations
in the Midwestern United States.
About Blue Diamond Ventures, Inc.:
Blue Diamond Ventures, Inc. is an agricultural company, and
through its affiliate, Blue Diamond Ventures Biofuels, LLC,
conducts business as a biofuels company with operations in the U.S.
and future endeavors in the Caribbean and Ethiopia. This press
release contains forward-looking statements involving risks and
uncertainties, including statements regarding the Company's future
performance. Such statements are based on management's current
expectations and are subject to certain factors, risks and
uncertainties that may cause actual results, events and performance
to differ materially from those referred to or implied by such
statements. In addition, actual future results may differ
materially from those anticipated, depending on a variety of
factors which include, but are not limited to, our ability to
leverage our technology, manage our growth, protect our
intellectual property rights, attract new customers and general
economic conditions affecting consumer spending. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. The Company
does not intend to update any of the forward-looking statements
after the date of this release to conform these statements to
actual results or to changes in its expectations, except as may be
required by law.
Contact: Blue Diamond Ventures 832-724-9418
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