LAS VEGAS, Sept. 8, 2009 (GLOBE NEWSWIRE) -- An announcement by wind energy leader NACEL Energy Corporation (OTCBB:NCEN) this morning reports significant progress by the company in the race to harness the wind. Small Cap Sentinel has been reporting on the efforts of companies like NACEL to sew up agreements for choice spots in the American terrain as wind wildcats look to stake their claims. NACEL's announcement this morning is a major step forward in clearing the way from a regulatory standpoint and eventually capturing the power of the wind.
A report further detailing NACEL's model and wind energy projects has been published for review by investors of wind power companies American Superconductor Corporation (Nasdaq:AMSC), A-Power Energy Generation Systems, Ltd. (Nasdaq:APWR), Florida Power & Light Company (NYSE:FPL), and Trinity Industries, Inc. (NYSE:TRN).
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Specifically, NACEL announced the completion of major environmental assessment work at its Blue Creek wind power project in Moore County, Texas. In addition, the Company recently received Federal Aviation Administration (FAA) permits covering the placement of 27 turbines at Blue Creek -- completing the development phase permitting for this project. In addition to environmental and permitting work, NACEL Energy has also completed significant pre-construction work for the Blue Creek project including turbine and electrical collection engineering as part of the Company's project interconnection plan submitted to Southwestern Public Service.
NACEL Energy is one of the first publicly traded companies in America exclusively developing clean, renewable, utility scale wind power. NACEL Energy has commenced work on its new Snowflake project in Arizona in addition to Leila Lakes, Hedley Pointe, Swisher, Channing Flats and Blue Creek, all located in the Texas Panhandle. NACEL Energy currently anticipates generating an aggregate 120 MW, or more, of new wind power upon their completion. In addition, the Company is currently assessing the feasibility of additional project opportunities in Kansas, Illinois and the Dominican Republic. NACEL Energy was founded in 2006 and successfully completed its IPO in December of 2007.
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