MANDAN, N.D., Feb. 26 /PRNewswire-FirstCall/ -- North Dakota-based wind development company Crownbutte Wind Power, Inc. (BULLETIN BOARD: CBWP) today announced its commitment to participate in Grasslands Renewable Energy's innovative Wind Spirit Project.
The Wind Spirit Project (http://www.gre-llc.com/) will seek to address the obstacles facing large-scale use of wind and solar power. The Wind Spirit Project is being designed as a transmission system to access geographically diverse renewable energy from across Montana and the Northern Great Plains. Renewable energy from multiple geographic areas will be combined with energy storage technologies and smart grid components to create a baseload renewable energy supply. The energy for the Wind Spirit Project would be collected via series of 230KV AC transmission lines and transported to large markets using high voltage AC and DC transmission lines. By combining renewable energy from different areas, the Wind Spirit Project will make renewable energy more efficient and cost effective.
The Wind Spirit Project is an important alliance that supports Crownbutte's strategy to develop, own and operate wind parks in prime wind resource locations that have access to existing and planned transmission systems. Crownbutte Executive Vice President Dr. Terry Pilling commented, "Crownbutte welcomes the opportunity to be a part of the Wind Spirit Project. This unique plan to access the western energy markets adds considerable value to Crownbutte's project development pipeline."
About Crownbutte Wind Power, Inc.
Established in 1999, Crownbutte Wind Power, Inc., (http://www.crownbutte.com/) is a North Dakota based developer of merchant wind power parks, with a current pipeline of over 640 MW of projects in various stages of development across North Dakota, South Dakota and Montana.
Crownbutte has strategically sized these projects to fit into the existing power grid so as to require only minimal transmission system upgrades, and therefore expects to be able to begin construction and operation much sooner than would be the case for larger projects requiring new transmission.
Contact: Crownbutte Wind Power Terry Pilling, Ph.D. 111 5th Ave NE Mandan, ND 58554 701-667-2073 Company information: info@crownbutte.com Investor Information: info@sptw.com
Various statements in this press release, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. Forward-looking statements may include projections and estimates concerning the timing and success of specific projects, revenues, income and capital spending. We generally identify forward-looking statements with the words "believe," "intend," "expect," "seek," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project" or their negatives, and other similar expressions. All statements we make relating to our estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates, financial results and projects developments and acquisitions or to our expectations regarding future industry or economic trends are forward-looking statements.
These forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those that we expected. Forward-looking statements are largely based on our expectations, which reflect many estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors and it is impossible for us to anticipate all factors that could affect our actual results. In addition, management's assumptions about future events may prove to be inaccurate.
Forward-looking statements contained in this press release are not guarantees of future performance, and we cannot assure any reader that such statements will be realized or the forward looking events and circumstances will occur. Actual results may differ materially from those anticipated or implied in the forward-looking statements due to the factors listed in the "Risk Factors" section and elsewhere in our most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q and current reports on form 8-K and other reports filed by us with the Securities and Exchange Commission, and available at http://www.sec.gov/. All forward-looking statements are based upon information available to us on the date of this press release. We undertake no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as otherwise required by law.
Crownbutte Wind Power, Inc.
CONTACT: Terry Pilling, Ph.D., Crownbutte Wind Power, +1-701-667-2073,
info@crownbutte.com; Investors: info@sptw.com
Web Site: http://www.crownbutte.com/
