ATLANTA, April 2, 2008 (PRIME NEWSWIRE) -- Market Pulse announces that NACEL Energy Corporation (OTCBB:NCEN) is now profiled on their web site located at http://www.market-pulse.com. NACEL Energy is engaged in the business of generating clean, profitable, renewable energy from wind. The company's holdings include passive interests in operating, utility-scale, wind energy facilities located in Wyoming and six other states. They also include an impressive roster of new joint-venture wind energy projects under development. The total planned generating capacity of NACEL Energy's new wind energy projects is 80 mega watts (MW) - enough energy to supply the daily needs of 25,000 American homes. Individuals interested in more information on the company can view the profile at http://www.market-pulse.com/ncenprofile.htm.
NACEL Energy has implemented Garrad Hassan's project design software to optimize wind turbine siting for maximum energy production while meeting environmental, technical and construction constraints. Garrad Hassan is the world's leading wind energy consultancy. NACEL Energy is using GH WindFarmer design and optimization technology to enable world-class energy generation from its growing portfolio of projects representing 80 MW of new wind power. GH WindFarmer is used by the world's major developers, consultancies, owners, operators and manufacturers for wind power generation projects of all sizes. Users include Florida Power & Light, Coopers & Lybrand, GE Wind Energy, Alliant Energy Wind Connect, Babcock & Brown, British Energy, Edison Mission Energy, Conoco, and Tokyo Mitsubishi.
The U.S. energy market is changing and the most dramatic increases in the renewable energy sector have come from wind. Now generating enough energy to power 4.5 million American homes, wind is the nation's fastest growing energy source. In 2007, wind power accounted for 30% of all new U.S. power generation and more than $9 billion was invested in wind energy facilities. The global wind market is estimated to be worth $36 billion annually in new generating equipment, according to the Global Wind Energy Council (GWEC). Wind farm economics improve as the price of oil increases. Currently there are 24 states that have adopted mandates and guidelines that require a certain percentage of energy be utilized from renewable energy resources.
The U.S. House of Representatives passed a new energy bill which re-authorizes incentives encouraging construction of wind and solar power projects and also introduces important new measures to improve energy conservation. The U.S. Renewable Energy and Energy Conservation Tax Act of 2008 was passed on April 1, with bi-partisan support in the House in a 236 to 182 vote. The wind and solar industry associations have lobbied hard to extend the tax credits which have spurred record growth in both industries over the past five years.
According to Bernard R. Schmitt, CEO of Market Pulse, "We are very excited to introduce NACEL Energy Corporation to the investment community. NACEL Energy has made excellent fundamental strides over the last few months. NCEN is poised to become a significant player in the energy and utilities industry. Bernard Schmitt also noted that, "NACEL Energy's WINDVEST is one of the first in America developing COMMUNITY WIND - utility-scale power generation from wind turbines, but with a sustainable footprint of less than 20 MW and one or more members of the local community with a direct financial stake. WINDVEST is a highly innovative proprietary capital structure and process which enables NACEL Energy to successfully joint-venture with local wind energy developers, expedite timelines and improve project economics."
NACEL Energy is well-funded, having received capital funding commitments totaling $3.2 million to finance the development phase of its 36 month strategic growth plan consisting of 80 MW of new wind power turbine construction. The company's strong balance sheet boasts total assets more than 50 times total liabilities, no current debt and virtually no long term debt. NCEN offers shareholders the unique opportunity to participate in a fast-growing company with a portfolio of North American utility and community scale wind power generation assets. CNBC guest analyst Francis Gaskins just published a new higher $4.00 target on NACEL Energy.
NACEL Energy recently announced the company will develop the 20-megawatt Channing Flats wind energy project -- enough new capacity to meet the daily power demands of 6000 homes. Both Channing Flats and the company's Blue Creek project announced March 19th 2008 are being developed in the Texas panhandle -- one of the premier wind energy corridors in the United States due to the flat topography, constant wind velocity and favorable access to transmission infrastructure. In addition to NACEL Energy, Florida Power & Light, Shell and BP also have wind energy projects underway in the region.
NACEL Energy President Brian Lavery stated, "The Channing Flats power generation project enhances NACEL Energy's present operations and brings us closer to achieving the Company's primary goal of developing 80-megawatts of new wind power capacity over a 36 month period, thereby increasing enterprise and shareholder value."
About NACEL Energy Corporation
NACEL Energy Corporation is a rapidly growing wind power generation company developing clean, renewable energy for America. NACEL Energy is among the first in the nation to develop advantageous utility class wind power generation projects with a sustainable footprint of 20-megawatts and the participation of local partners. With its expanding pipeline of wind projects, NACEL Energy is on track to develop 80-megawatts of new energy to power 25,000 U.S. homes by 2010. NACEL Energy was founded in 2006 and is headquartered in Cody, Wyoming. For more information visit their website www.nacelenergy.com.
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