Grid Cloud Solutions Announces 10 MW Solar Project Submissions
(firmenpresse) - SAULT STE MARIE, ON -- (Marketwire) -- 08/15/11 -- Grid Cloud Solutions Inc. (PINKSHEETS: GRDC) is pleased to report securing options to develop solar power on lands in prime regions for available transmission capacities totaling over 10 MW of ground mounted photovoltaic projects. The advancing solar energy projects, located in Ontario, Canada, are expected to be permitted under the province's renewable energy promoting Feed-In-Tariff program. Once operational these additional projects would generate over $7.8 M per annum in revenues for Grid Cloud Solutions and its partners for 20 years.
Grid Cloud CEO, Mr. Danny Wong, comments, "The Grid Cloud team continues to secure rural lands closest to areas where transmission line capacity is not an issue, for itself and other Renewable Energy developers, while supporting the distributed generation model, which is expected to create environmental benefits and support communities."
Grid Cloud Solutions Inc. offers comprehensive design, development and management services to the Biomass, Solar Thermal & PV and Wind energy industry. The Company brings decades of energy consulting experience to the marketplace. Management's approach is aimed at rapid growth through partnerships, mergers and acquisitions using management's connectivity in the marketplace and their ability to create linkages between different fields of application.
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Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the OTCMarkets.com including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.
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Datum: 15.08.2011 - 07:00 Uhr
Sprache: Deutsch
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