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Following highly favorable wind study results in Huerfano County, Colo., Blue Diamond Ventures Inc., through its affiliate, Blue Diamond Ventures Renewables LLC, and its joint venture partner, Freedom Works LLC, have moved toward a wind turbine supply agreement and final designs to construct a 198 MW wind project and 68 miles of transmission line.

"Despite the current economic environment, we have worked extremely hard to meet our goals and increase shareholder value," says Blue Diamond CEO John Quincey Moaning.

On-site met-tower wind data collection for the joint venture's Huerfano Project is expected to be completed on Sept 8.

The new study is the culmination of five years of wind data studies throughout Huerfano County, Colo., and proves the existence of abundant wind resources at the Colorado Wind Generation Resource Area No. 8 as described by the state's Energy Office.

SOURCE: Blue Diamond Ventures Inc.

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