SEATTLE, WA -- (Marketwire) -- 04/19/12 -- Wild Brush Energy (WBRE) (PINKSHEETS: WBRE) has signed a Letter of Intent with the Scandinavian-Arabic Chamber of Commerce (SACC), to participate on any potential Alternative Energy projects under SACC consideration. The Energy Projects under SACC consideration range in size from 10Mw to 150Mw.
Currently, the parties are reviewing an opportunity in which WBRE, through the SACC would acquire the rights to develop a Solar Energy Park in Ghana, North Africa. The Solar Park has a targeted output of 150Mw, which could supply approximately 48,000 households with renewable energy, and reduce carbon emissions by approximately 110,000 tons annually. The contract, conservatively valued at US$200,000,000.00, could generate more than US$700,000,000.00 in revenue over its 20-year term.
Global Solar production has been growing by nearly 30% per annum over the last 20 years. As alternative energy becomes more familiar to the populace and alternative energy parks become more frequent, it is estimated that solar park energy production could exceed $100 billion globally by the year 2014.
Wild Brush Energy is focusing on mid-size to large-scale solar parks. The location of these parks will be in southern and southwest regions of the U.S. and southern European countries with favorable renewable energy policies and economic returns.
About Wild Brush Energy
Wild Brush Energy Inc. is a diversified energy company whose goal is to identify and develop clean air energy producing alternatives. Wild Brush is presently exploring green energy producing opportunities such as large scale Commercial Wind Farms, and Solar Energy Parks.
Safe Harbor for forward-looking statements
This release contains certain statements that are 'forward-looking' statements (as the term is defined in the Private Securities Litigation Reform Act of 1995). Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which Wild Brush Energy Inc. has little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. Wild Brush Energy Inc. expressly disclaims any obligation to update the statements contained in this release.