SOURCE: Pavilion Energy Resources, Inc.

Pavilion Energy Resources, Inc.

November 02, 2009 10:15 ET

Pavilion Energy Resources Proposes Offshore Wind Energy Project for Japan

LOS ANGELES, CA--(Marketwire - November 2, 2009) - 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.

Contact Information

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