NACEL Energy Corporation, a wind power company in the business to generate clean, renewable energy, confirmed it has entered into a long term wind development rights agreements covering 640 acres in Navajo County, Arizona. At project build-out, NACEL Energy anticipates generating 10 MW, or more, clean, renewable, wind energy at Snowflake.
The Snowflake wind energy project evidences continued, consistent application of the NACEL Energy business model; unique in the U.S. wind industry. In brief, NACEL Energy identifies interconnection points in the nation's electric grid, and then leases nearby acreage where 6 to 18 utility class wind turbines can be constructed, without incurring the often significant transmission and related electric infrastructure upgrade costs and/or delays which can adversely impact other company's wind power projects.
NACEL Energy's Snowflake is located immediately adjacent to the first wind power facility built in Arizona, the multi-phase Dry Lake project developed by IBERDROLA Renewables, Inc. of Portland, Oregon. IBERDROLA Renewables, Inc. is the North American division of IBERDROLA Renewables, S.A., a multinational company, operating in more than 20 countries, with more than 9,600 MW of installed wind power at the end of the first half of 2009. Through an arrangement facilitated by the landowner at Snowflake, IBERDROLA Renewables has agreed to release 15 months of wind data collected at its Dry Lake project, to NACEL Energy, for the development of Snowflake.
The wind data from Dry Lake is entirely analogous to Snowflake. Accordingly, NACEL Energy believes its normal development timeline has been significantly shortened. Presently, NACEL Energy's work includes assessing an interconnection plan for Snowflake, which could encompass either Salt River Power, the option pursued by IBERDOLA Renewables at Dry Lake, or alternatively, Arizona Public Service. As with all NACEL Energy's projects, the Company's work at Snowflake will be announced in due course, as important milestones are achieved.
In addition, NACEL Energy announces that it is relocating its corporate offices to the Phoenix, Arizona area. The relocation of its corporate offices should be completed within the next several weeks.
NACEL Energy Chief Executive Officer, Paul Turner, Ph.D, stated:
"Snowflake is our sixth wind power project and our first outside of Texas. We look forward in the years ahead to contributing to the economy of the Phoenix region with the relocation of our corporate offices, and, upon build-out of our wind power facility at Snowflake, to contributing to the environment of Arizona by providing energy from a clean and renewable source."