SOURCE: Pavilion Energy Resources, Inc.

Pavilion Energy Resources, Inc.

September 13, 2010 09:25 ET

Pavilion Energy Resources, Inc. -- Accelerating Wind Turbine Manufacture

LOS ANGELES, CA--(Marketwire - September 13, 2010) -  Pavilion Energy Resources, Inc. (PINKSHEETS: PVRE). The Company is a 40% partner in a Joint Venture planning a new wind turbine manufacturing facility in Idaho to mass-produce proprietary 3-5 Megawatt accelerating wind turbines to fulfill an initial $100 million turbine order.

The Idaho wind farm developers have additional nearby wind farm developments planned, which they have indicated should result in additional follow-on orders for approximately $300 million worth of accelerator turbines. This further underpins the Idaho manufacturing business plan.

PVRE and partners have a similar manufacturing facility planned for Southern California, primarily to enable repowering of existing wind farms.

PVRE and its JV partners are also progressing their various long-term offshore wind power project proposals, which are of significant potential scale. The partners propose developing a JV with a US shipbuilder to develop and manufacture a larger 20MW accelerating turbine worth approximately $30 million apiece, both for PVRE's proposed offshore projects and for third-party offshore wind turbine customers. The US shipbuilding industry has significant spare production capacity and access to capital.

The move into accelerating turbine manufacturing means PVRE is now primed for explosive revenue growth.

PVRE's Accelerated Wind technology promises to dramatically lower wind production costs from 7-9 cents/kWh to projected life-cycle costs of 3-4 cents/kWh, finally making wind power cheaper than fossil fuels (coal-gas).

See; www.pvre.biz

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 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 information, contact:
    Peter Sterling
    President
    (323) 356-7777