Here Enterprises to Contribute to Growth in Wind Power with Cycle Ranch Project
SAN ANTONIO, June 7, 2011 /PRNewswire/ -- Here Enterprises Inc. (Pink Sheets: HRTE), a growing developer of clean wind energy, is pleased to announce the Company is advancing toward production at its Cycle Ranch wind project in Floresville, Texas. Here Enterprises has installed wind turbines and is set to complete electrical work required to connect the facility to the power grid this month. Here Enterprises is working to contribute to the nation's wind power industry which, according to the American Wind Energy Association (AWEA), is thriving.
At the AWEA WINDPOWER 2011 Conference & Exhibition held May 22-25, thousands of wind energy professionals gathered to promote the growth of wind as a clean, affordable, and homegrown energy source. Dubbed the World's Largest Annual Wind Energy Event, the AWEA WINDPOWER conference brought to light many positive trends and an encouraging outlook for the U.S. wind industry. According to AWEA: "Despite significant challenges in 2010, the U.S. wind industry continued to make good on its promise to strengthen America, and laid the foundation for a strong return in 2011. We continue to work toward the goal of supplying 20% of electricity nationwide by 2030. To achieve this goal, the industry will need to add 260,000 megawatts to the current 30,000+ megawatts. There is no better time to lay the foundation and build the network for your company's future in the wind industry." (American Wind Energy Association, "Wind Industry Strengthens America in Spite of a Difficult Year", May 2011)
Wind energy developers in the United States are making strides toward these ambitious objectives. The U.S. is a world leader in wind energy with 41,400 megawatts of installed capacity. In 2010 the U.S. wind energy industry grew by 15%. Generating capacity under construction at the start of the second quarter of 2011 was twice what it was for the same period in 2009 and 2010. (Gamut News, "World's Largest Annual Wind Energy Event Kicks Off", May 2011)
Mark Ryun, CEO of Here Enterprises, commented: "Our high efficiency variable pitch wind turbines are in place and functional, electrical work for tie-in to the local utility is underway, and we have filed an application to generate and distribute cheap, clean, renewable wind energy. Approval of the application will enable the new Here Enterprises wind facility to link to the grid for the purpose of power generation and resale, adding our megawatts and contributing our share to the U.S.'s status as a world leader in wind-energy production."
About Here Enterprises Inc. (HRTE.PK)
Here Enterprises is a developer of wind power, our nation's fastest growing renewable energy resource. The Company is engaged in planning, developing, acquiring and operating wind farms in the United States to generate clean, profitable wind energy. Here Enterprises is developing wind energy projects which co-locate wind farms with commercial businesses in order to maximize cashflow for each project.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. HRTE has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect HRTE's current beliefs and are based upon information currently available to it.
Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the HRTE's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. HRTE undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements.
SOURCE Here Enterprises Inc.
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