Denver, July 1, 2009 — NACEL Energy Corp., a wind power company, announced its entry into four long-term wind development rights agreements covering 1,025 acres in Texas.
Leila Lakes is the company’s fifth Texas wind energy project. At project build-out, NACEL Energy anticipates at least 20 MW of power generation from Leila Lakes.
Leila Lakes is located within electrical proximity to NACEL Energy’s 10 MW Hedley Pointe wind energy project, announced February 2, affording additional flexibility with respect to interconnection and turbine siting. All five of NACEL Energy’s Texas wind projects are located in the Panhandle.
Collection of site specific wind data will begin soon with the installation of a 60 meter (200 ft.) NRG Systems meteorological tower transmitting data back to NACEL Energy, via an Iridium satellite uplink. While wind data is collected, additional important development milestones including without limitation, interconnection engineering, turbine engineering and obtaining turbine debt financing, must be completed by the company. Accordingly, NACEL Energy cautions that project commissioning at Leila Lakes is not expected until fiscal 2010-11, or later depending upon future events.