Nacel Energy

May 09, 2011 07:15 ET

NACEL Energy Announces 200 MW Gascoyne II Wind Power Project

DENVER, CO--(Marketwire - May 9, 2011) - NACEL Energy Corporation (OTCQB:NCEN) (FRANKFURT:4FC) ("NACEL" or the "Company") today announced it will participate as co-developer, with Crownbutte Wind Power Inc. (OTCQB:CBWP) of Mandan, ND, in the 200 MW Gascoyne II wind power project. Gascoyne II is located between the towns of Bowman and Hettinger North Dakota, extending over 1733 acres on a ridgeline at elevations averaging 3000 ft.

The wind resource at the Gascoyne II is among the best in the United States. Site wind data has been recorded by two meteorological towers and used to determine net capacity factors (NCF) based upon the General Electric (GE) SLE 1.5 wind turbine, resulting in 45% NCF (after all loss components subtracted).

On May 4, 2011, NACEL advanced funds to the Midwest Independent Transmission System Operator, Inc. (Midwest ISO) to complete the Feasibility Study for the interconnection of the Gascoyne II project to the electric grid. Midwest ISO manages the high voltage transmission system throughout the Midwestern States, including portions of Illinois, Indiana, Ohio, Michigan, Iowa, Wisconsin, Nebraska, Missouri and Montana as well as North and South Dakota.

NACEL Chief Executive Officer, Mark Schaftlein, stated:

"Gascoyne II represents our first entry into the Midwest ISO region and is part of NACEL's corporate strategy to add to, and diversify, our wind power project portfolio. With Crownbutte as our development partner, NACEL has an experienced team with a proven track record of successfully building wind projects. Crownbutte developed the first utility scale wind park in the Dakotas and most recently, the two-phase 30 MW Diamond Willow wind power facility near Baker, Montana. Twenty GE 1.5 MW wind turbines are operating today at Baker, which is presently owned by Montana-Dakota Utilities."

About NACEL Energy Corporation (OTCQB:NCEN)

NACEL is one of the first publicly traded companies in America exclusively developing clean, renewable, utility scale wind energy. The Company currently anticipates generating an aggregate 300 megawatts of new wind power upon the commissioning of the Gascoyne II project in North Dakota, together with the Company's Leila Lake, Hedley Pointe, Swisher, Channing Flats and Blue Creek, all located in the Texas Panhandle. NACEL was founded in 2006 and successfully completed its IPO in December of 2007. NACEL acquired the largest stake in Crownbutte Wind Power Inc. (OTCQB:CBWP) of Mandan, ND, on January 26, 2011.

NACEL Energy

Notice regarding Forward-Looking Statements

Statements in this press release relating to NACEL Energy's plans, strategies, economic performance and trends, projections of results of specific activities, and other statements that are not descriptions or historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in NACEL Energy's business. Forward-looking statements may be identified by words such as "should," "may," "will," "anticipate," "expect," "estimate," "intend" or "continue," or comparable words or phrases. Interested persons are encouraged to read NACEL Energy's Securities and Exchange Commission filings, particularly its Annual Report on Form 10-K for the fiscal year ended March 31, 2010 and its Quarterly Report on Form 10-Q for the quarter ended December 31, 2010, for meaningful cautionary language disclosing why actual results may vary materially from those anticipated by management.

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