NACEL Achieves 80 MW Goal; Sets 1,000 MW Target

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NACEL Energy Corp. reports it has achieved its initial corporate goal of 80 MW of wind power generation projects under development, first announced Jan. 10. With 640 MW of generating capacity now in the development phase, NACEL Energy is currently working to accomplish two new objectives: 1,000 MW of new wind energy projects under way by 2010 and the listing of its shares on the American Stock Exchange (AMEX).

To help achieve the company's two newly stated goals, Dan Leach has been promoted from managing director of operations to president. Prior to joining NACEL Energy, Leach served as a senior wind energy development consultant for Duke Energy Generation Services Wind LLC, a subsidiary of Duke Energy Corp. of Charlotte, N.C.

NACEL Energy currently has 40 MW of domestic utility-class wind power under development in Texas with its Blue Creek and Channing Flats projects. NACEL Energy has also teamed with established infrastructure financier Ridge Partners LLC to construct 600 MW of new wind projects in the Caribbean and Latin America.

To further accelerate growth, NACEL Energy is augmenting its three-person operations team reporting to Leach, to include an additional wind energy field developer focused on the U.S., Latin American and Caribbean regions. The company expects to announce the appointment in the near term.

SOURCE: NACEL Energy Corp.

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