Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

Pavilion Energy Resources Proposes Offshore Wind Energy Project for Japan

LOS ANGELES, CA -- 11/02/09 -- 
 Pavilion Energy Resources, Inc.
(PINKSHEETS: PVRE) announced that it is a 10% equity partner in a joint
venture (JV) that has submitted a multi-billion dollar proposal to the
Japanese government to develop a wind ener..
Posted : Mon, 02 Nov 2009 15:15:55 GMT
Author : Pavilion Energy Resources, Inc.
Category : Press Release
News Alerts by Email ( click here )
Press Release News | Home
LOS ANGELES, CA -- 11/02/09 -- Pavilion Energy Resources, Inc. (PINKSHEETS: PVRE) announced that it is a 10% equity partner in a joint venture (JV) that has submitted a multi-billion dollar proposal to the Japanese government to develop a wind energy project in multiple locations adjacent to its coastline in the Sea of Japan, Sea of Okhotsk and Pacific Ocean. The proposal calls for installing at least twenty-five, 10,000 megawatt, wind farms over a twenty-five year period that would generate 250 gigawatts per hour.

The turbines incorporated in the JV's proposal are based on the proprietary wind accelerating technology invented by Peter Sterling, Pavilion's President and Chief Executive Officer. These turbines generate 400% more turbine power per dollar of capital than existing technology. This technology makes very-large-scale, offshore, wind power farms with slower average wind speeds more than economical.

Peter Sterling, President and Chief Executive Officer of Pavilion, commented, "Japan currently imports essentially all its energy. Once completed, this project would generate enough clean, renewable energy to replace up to five million barrels of oil imports per day at a more competitive cost than any other generating technology. Further benefits include lower future carbon tax payments and new local jobs for the design, fabrication and installation of new wind power technology and for operation and maintenance of the wind farms."

About Pavilion

Pavilion Energy Resources, Inc. (PINKSHEETS: PVRE) is an emerging, energy development company focused on developing large-scale, wind power projects in the US and abroad. Current wind power proposals are pending in California, Oregon, Texas and Japan. Wind power is capable of providing the world with a substantial portion of the affordable, zero carbon electricity required during the next millennium. PVRE has rights to a new wind turbine design which promises to deliver a 400% increase in electricity per unit of capital versus current designs. PVRE plans to leverage this turbine technology to secure leases of large wind-farm acreage in regions with substantial energy usage and then develop mega-scale wind projects.

This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding our current business plans, strategies and objectives that involve risks and uncertainties that could cause actual results to differ materially from anticipated results. The forward-looking statements are based on our current expectations and what we believe are reasonable assumptions. However, our actual performance, results and achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Factors, within and beyond our control, that could cause or contribute to such differences include, among others, the following: risks associated with resource exploration, competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation.

For further information, contact:
Peter Sterling
President and Chief Executive Officer
(323) 356-7777
Email Contact


Copyright © 2008 Market Wire. All rights reserved.
Share/Save/Bookmark

Article : Pavilion Energy Resources Proposes Offshore Wind Energy Project for Japan
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

MyCatholicVoice Virtual Pilgrimage for NCYC 2009 Engages 50,000 Online Participants from 76 Countries
Available for the first time, online participation with National Catholic Youth Conference demonstrates power of technology in sharing faith experiences; Live streaming of closing liturgy presented 7:00pm-10:30pm Central, Sat. Nov. 21 /I/P PLenexa, KS (PRWEB) November 21, 2009 -- MyCath...

ADDING MULTIMEDIA Nine-Pack of Sun Valley Olympians to Take First Ride on New Roundhouse Gondola
SUN VALLEY, Idaho - Free rides for all will kick off the dedication of Sun Valley Resort’s new Roundhouse Gondola during a Winter Expo and Gondola ‘Ganza Saturday, November 21 at 11 a.m. MT. The grand opening festivities will launch Sun Valley’s 74th

Brambleton Embraces the Spirit of Giving; Jingle Bell Fun Run/Walk Planned for Families
In support of Loudoun County schools, the Brambleton Town Center is working in conjunction with local merchants and the community to again launch its “Spirit of Giving” program./I/P PBrambleton, Loudoun County (Vocus) November 21, 2009 -- In support of Loudoun County schools...

Nine-Pack of Sun Valley Olympians to Take First Ride on New Roundhouse Gondola
SUN VALLEY, Idaho - Free rides for all will kick off the dedication of Sun Valley Resort’s new Roundhouse Gondola during a Winter Expo and Gondola ‘Ganza Saturday, November 21 at 11 a.m. MT. The grand opening festivities will launch Sun Valley’s 74th

Video B-Roll available via CNW - Australian Gold Medalist Alisa Camplin runs with the Torch and enjoys true northern experiences in Dawson City, Yukon
VANCOUVER, Nov. 21 /PRNewswire/ - Australian aerial skier Alisa Camplin couldn't have been more excited as she explored Canada's North and ran with the Olympic Torch in the Yukon. Alisa enjoyed an aut...

River Blindness (Onchocerciasis) Reduced By Nearly One-Third In At-Risk Populations In Six Countries
WASHINGTON, Nov. 21 /PRNewswire-USNewswire/ -- A regional initiative launched in the 1990s to eliminate onchocerciasis (river blindness) in the Americas has substantially reduced the prevalence of the disease in recent years, as evidenced by a 31% decrease in the number of individuals r...

Verizon Wireless and The Mattie C. Stewart Foundation Partner to Increase Graduation Rate in St. Louis Schools
ST. LOUIS, Nov. 21 /PRNewswire/ -- Verizon Wireless has announced its sponsorship of putting the InsideOut documentary in every St. Louis public school, enabling all area students to learn more about the importance of remaining in school and graduating. ...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.