Wind Energy Firm McKenzie Bay Announces Agreement with Sterling Planet to Sell and Market Renewable Energy Certificates
MICHIGAN, March 9 /PRNewswire-FirstCall/ - McKenzie Bay International Ltd
(OTCBB:MKBY) http://www.mckenziebay.com wholly owned subsidiary, WindStor Power Co.,
has engaged Sterling Planet Inc. http://www.sterlingplanet.com as a source to sell
and market carbon dioxide and all other bundled environmental attributes which
are expected to be generated from the production of renewable energy at
WindStor(SM) installations.
Master terms and conditions for nationwide site-specific sales agreements
were recently agreed upon. When installed, WindStor Power Co. wind turbines
have been designed to generate renewable energy that Sterling Planet intends
to sell to customers as bundled environmental attributes, commonly known as
Renewable Energy Certificates (RECs), under Sterling Planet Sales Agreements.
Sterling Planet is the nation's leading retail provider of renewable
energy. To date, Sterling Planet has sold to homes and businesses nationwide
more than 1 billion kilowatt hours of renewable energy, representing enough
energy to offset 1.5 billion pounds of carbon dioxide, a key greenhouse gas.
The environmental benefit compares to not driving 1.7 billion miles or taking
132,000 cars off U.S. roads. Sterling Planet is also the nation's leader in
partnering with electric utilities, businesses, colleges and non-profit
organizations in the renewable energy arena. Currently, Sterling Planet has 22
utility partners nationwide, from California to Massachusetts and south to
Florida. Sterling Planet's mission is to lead the migration to sustainable
energy that is good for the environment, the economy, and all current and
future generations.
"Everyone knows renewable energy's primary source of revenue is from the
sale of electricity, and most understand that production tax credits are not a
true revenue source but merely an offset against income taxes when they are
tax code active. Few people realize that renewable energy's second largest
source of revenue is from the sale of RECs," said Gary Westerholm, CEO and
President of McKenzie Bay. "Sterling Planet's depth of experience in marketing
RECs at the highest possible price is very comforting towards achieving this
significant component of our revenue generation model."
McKenzie Bay is the Michigan-based owner and developer of WindStor(SM), a
wind energy system designed to generate, distribute and store electricity at
urban and off-grid locations with ground or rooftop mounted WindStor Wind
Turbines, a proprietary 'System Integrator' and a battery.
"Sterling Planet is pleased to be named the REC marketer for WindStor
Power Co.," said Mel Jones, Sterling Planet President and Chief Executive
Officer. "We welcome this opportunity to help this progressive renewable
energy provider, WindStor Power Co, sell and market its RECs nationwide, plus
further expand our already broad portfolio of renewable energy solutions for
homes and businesses nationwide."
WindStor Power Co.'s ability to contract manufacture and install
WindStor(SM) is dependant upon sufficient wind power at specific sites,
satisfactory resolution of all regulatory issues, approval of site plans, its
ability to obtain adequate financial resources, completion of design and
production of components of WindStor(SM) and negotiation of contractual terms
and conditions with prospective customers.
This information statement contains statements that are forward-looking
statements. In some cases, you can identify forward-looking statements by
terminology such as 'estimates,' 'anticipates,' 'plans,' 'believes,'
'projects,' 'expects,' 'intends,' 'predicts,' 'future,' 'may,' 'potential,'
'contemplates,' 'will,' 'should,' 'could,' 'would' or the negative of such
terms or other comparable terminology. These statements relate to the
Company's future operations and financial performance or other future events.
These statements are only predictions and not guarantees of future success.
Many of the forward-looking statements are based on assumptions about future
events that may prove inaccurate. Actual events, results, performance or
achievements may differ materially from the events, results, performance or
achievements discussed in the forward-looking statements. These differences
may result from a variety of factors, including the following: lack of
operating history; unavailability of future equity infusions and other
financing alternatives; failure or delays in further developing proprietary
processes or effectively commercializing such processes; dependence on the
success of entering the energy production market; and concentration of
ownership of the Company's common stock by directors and officers. These and
other factors that may emerge could cause decisions to differ materially from
current expectations. McKenzie Bay undertakes no obligation to revise, update
or clarify forward-looking statements to reflect events or conditions after
the date of this information statement.
Contact: Richard Kaiser 800-631-8127, rich@yesinternational.com
SOURCE WindStor Power Co.
