Pacific Blue Energy Corp. Acquires Modeling Software for Photovoltaic Projects

PHOENIX, May 17 /PRNewswire-FirstCall/ - Pacific Blue Energy Corp. (OTCBB: PBEC), a publicly traded developer of renewable energy projects, today announced that it has implemented an economic and financial analysis tool specifically designed for wholesale solar Photovoltaic projects. The Competitive Energy Insight, Inc. (CEI) software is suited to perform competitive project and market evaluations of projects in order to utilize Investment Tax Credits and Renewable Energy Credits, as well as complex partnering and financing arrangements.

Pacific Blue Energy Corp. will utilize the software to verify participants in each proposed project, with a focus on ensuring their financial stability. And, it will help management analyze a greater number of potential projects in a shorter period of time - helping to fast track the development process and evaluate the potentials for strong financial returns.

Joel Franklin, the Chief Executive Officer of Pacific Blue Energy Corp., says, "This software will make our operating systems more efficient by dramatically reducing the hours spent evaluating financials and qualifying projects."

PBEC is currently using the software to review potential projects in Arizona, where the company is based and has begun its renewable energy development efforts.

"The software allows us to analyze a system from many different angles - including those involving partnering, joint ventures, renewable energy credits and all of the different aspects that go along with financial equity and debt," Franklin adds. "This will allow us to do many more projects and feel more confident about the potential results."

Among other options, the software allows the user to better determine which portions of debt and equity to take in each project, and how those decisions will affect partnerships and joint ventures. It also includes an option that will help determine how projects may affect stock prices.

"This is one of the most sophisticated programs that I have ever seen," Franklin concludes. "Among other advantages, it will help us progress more quickly as we develop our renewable energy portfolio."

About Pacific Blue Energy Corp.

Pacific Blue Energy Corp. (PBEC) is a publicly traded solar energy company that seeks to build and manage large renewable energy projects. PBEC's goal is to maximize shareholder value through select property acquisition, timely renewable energy facility construction and informed management of those projects. Headquartered in Arizona, one of the prime solar energy markets in the United States, PBEC is positioned to take advantage of technological advances that will drive the coming surge in the U.S. solar generated electricity market.

More information is available at www.PacificBlueEnergyCorp.com

Safe Harbor for Forward-Looking Statements

Statements that are not statements of historical or current fact constitute "forward-looking statements." Such statements can often be identified by use of words such as "believe," "expect," "estimate," "intend," "anticipate," "plan," to be uncertain and forward-looking. Forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause our actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with: (i) future financial results and financing requirements; (ii) our ability to control and manage our growth; (iii) the effectiveness, profitability, and marketability of our current and prospective products and services; (iv) our ability to protect proprietary information; (v), the impact of current, pending, or future legislation and regulation on our industry; and (vi) the impact of competitive products, services, pricing or technological changes. Additional risks and forward-looking statements are set forth from time to time in our filings with the United States Securities and Exchange Commission, including our Annual Reports on Form 10-K and our quarterly reports on form 10-Q, which are available on the Commission's website at www.sec.gov. All forward-looking statements included are made as of the date of this information, and we assume no obligation to update any such forward-looking statements.

SOURCE Pacific Blue Energy

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED