3TIER Provides Strong Report For Future Wind Site

NAW Staff, Thursday 22 January 2009 - 10:33:21

Seattle-based 3TIER, a global energy assessment firm, has released the results of an appraisal conducted for Green St. Energy on land located in Tehachapi, Calif. Green St. Energy, formerly known as M-Wave, recently entered the renewable energy industry by agreeing to acquire 160 acres of land in Tehachapi to build a wind project.

3TIER's FirstLook report estimated the average wind speed at the Green St. Energy location to be 7.8 meters per second, or 17.5 mph. This means that the company is 68% confident that the true wind speed at the location is between 14.5 mph and 20.4 mph.

The FirstLook report also estimated that the power capacity factor at the location - a common assessment tool for wind farm viability - is 40%.

"We are excited that a leading energy consulting firm has determined that the wind speeds at the land are so strong," says Tony Cataldo, Green St. Energy's chairman and CEO. "This has important implications for our ability to attract developmental partners and financing for the project."

This rating is considered excellent by industry standards. Many existing U.S. wind farms have been financed and are being operated successfully at 28% to 30% capacity factors; thus, the Green St. Energy Tehachapi site rating by 3TIER indicates a wind power capacity that is approximately 33% greater than average standards for financeable wind farms in the U.S. market.

SOURCE: Green St. Energy



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