SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Wind Energy Industry
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: reswesd2/4/2009 9:54:54 PM
   of 6
 
Navajo Wind Energy blows in $2.5M line of credit

January 21, 2009
ATLANTA - Navajo Wind Energy Corp., formerly Caliber Energy (Pink Sheets:CLBN) says it has secured a $2.5 million line of credit from private energy fund Xiyas Development Capital.

The company has already drawn $200,000 from the line of credit for acquisitions, development and operations.

Barry Doyle, CEO of Navajo, said the financing from XDCL will provide the Company with the necessary capital to expand and develop its wind energy projects in China during 2009.

China is one of the world’s largest and most attractive markets for renewable energy projects. Wind power generation has increased by more than 100 percent per year since 2005 in China, but it still relies heavily on coal which supplies 65 per cent of the country’s energy needs.

In 2006, the Chinese government announced a renewable energy initiative by setting a target of 10 percent by 2020. This initiative combined with the population-driven demand for energy will likely see China become the world’s largest consumer of wind-generated power.

With the key acquisition of wind farm and power trading company Guangzhou Jianianxiang Co. Ltd, Navajo will become one of only a few companies licensed to trade electrical power in and outside of China.

Online: www.navajowindenergy.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News