More Wind at Amex Gold (OTC: WWPW)

Ft Lauderdale, Florida 11/24/2009 12:20 AM GMT (TransWorldNews)

It is rather simple to say that North Americans are addicted to oil. This addiction has contributed greatly to the interest of renewable energy. Well over $71 Billion in to hydropower, solar power wind power geothermal biofuel clean coal technology to name a few. All waiting for investors to select which source will mop up and replace oil. That is, until you realize the big gambler (Wall Street) has control of the dice. In recent months, the big hitters like The Blackstone Group, General Electric and T. Boone Pickens have invested billions into a single renewable energy source. Recently JP Morgan Chase publicized it's holding a $1 billion stake in the very same investment. Even better, in the next five years, the governments in the United States, China and Europe will invest a minimum of $150 billion into the same alternative, according to CLSA Research.

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Amex Gold has some sizeable project ready to be submitted, here are some highlights Grey Highlands Wind Park: 100% interest in a 10 MW project 25kms south of Georgian Bay, Ontario, Canada a superb location for wind resource, as the area benefits greatly from the westerly winds crossing from Lake Huron. Annual mean wind speeds are modeled at over 6.5 meters per second at an 80 meter hub height. Environmental studies are near completion and the project is eligible for a Feed-in Tariff application during the Ontario Power Authority launch period. The company intends to submit an application for the FIT Power Purchase Contract fixed at C$135.00/MWh over a 20-year term on or before the November 30, 2009 deadline. Snowy Ridge Wind Park: 100% interest in a 10 MW project in the vicinity west of the village of Bethany, Ontario, Canada.

The project has been developed in an area of high elevation that can optimize the wind resources to their maximum. Annual mean wind speeds are modeled at over 6.7 meters per second at an 80 meter hub height. Environmental studies are near completion and the project is eligible for a Feed-in Tariff application during the Ontario Power Authority launch period. The company intends to submit an application for the FIT Power Purchase Contract fixed at C$135.00/MWh over a 20-year term on or before the November 30, 2009 deadline. Skyway 126 Wind Park: 70% interest in a 10 MW project located in Grey-Highlands Township, Ontario, Canada on the north east side of the Garafraxa Plateau, the highest land mass in Ontario. Wind resources at this location are the best inland results tested by the company on the Plateau out of 5 affiliated sites in the region. Annual mean wind speeds are measured at over 7.0 meters per second at an 80 meter hub height. Environmental studies are near completion and the project is eligible for a Feed-in Tariff application during the Ontario Power Authority launch period. The company intends to submit an application for the FIT Power Purchase Contract fixed at C$135.00/MWh over a 20-year term on or before the November 30, 2009 deadline.

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