SOURCE: Pavilion Energy Resources, Inc.

Pavilion Energy Resources, Inc.

January 24, 2011 08:29 ET

Pavilion Energy Resources, Inc., Wind Farm Construction Commences

LOS ANGELES, CA--(Marketwire - January 24, 2011) - Pavilion Energy Resources, Inc. (PINKSHEETS: PVRE). Foundations have been laid for the first turbine on a 3,000 acre wind farm property which the JV has permitted near Pocatello, Idaho. See photos at www.pvre.biz/idaho.

Our JV partners in Idaho have made significant progress on developing what promises to become the first of many wind farms in the world to use revolutionary accelerator wind turbines.

Idaho partners, LA Wind, are responsible for funding this 80MW permitted project and a future slate estimated to eventually produce 5,000MW.

The extension of the 30% federal capital grant for renewable energy projects means financing these projects is very attractive to investors looking for green investments with the highest return.

PVRE believes it has a better solution to free the world from fossil fuels -- make green wind energy so cheap that everyone wants it! This revolutionary accelerator turbine could mark the beginning of the end for energy wars. 

The widespread adoption of lower-cost accelerating turbines coupled with low cost pumped hydro schemes to store intermittent power, promises to lower the cost of renewable wind energy to compete squarely with coal and gas, thus ending the tyranny of high-cost fossil fuel pollution for the entire world.

Additional earth-changing wind project proposals are in development in various nations.

We anticipate completing company-transforming financing shortly, which could significantly increase shareholder value.

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

  • Contact:
    Peter Sterling
    President
    (323) 356-7777