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Press Release Source: Green Star Alternative Energy, Inc.
Green Star Alternative Energy Represents Serbia's Renewable Energy Sector in Strategic Energy & Climate Change Forum Thursday September 4, 8:15 am ET
SAN DIEGO--(BUSINESS WIRE)--Green Star Alternative Energy, Inc. (Pink Sheets: GSAE - News) is taking a leadership position in promoting renewable energy to combat climate change and meet rising energy demand. Green Star is acquiring Notos d.o.o. to become the Republic of Serbia’s first wind power developer. Notos was invited by the Slovenian Ministry of Energy to represent Serbia’s alternative energy sector at the Bled Strategic Forum on “Energy and Climate Change: Si.nergy for the Future” held in Slovenia on August 31st and September 1st. At this key international summit the Green Star and Notos team participated in strategic discussions with high level government representatives, EU officials, private sector leaders, energy industry experts on the challenges of energy security and climate change. ADVERTISEMENT
The third annual Bled Strategic Forum addressed soaring oil and gas prices, public concern over growing dependence on imports of energy resources, and the mounting evidence of global warming. The summit was attended by approximately 400 participants from more than 50 countries. Its objective was to bring together world leaders to develop and commit to solutions and stimulate public-private sector cooperation.
The Green Star and Notos team had strategic meetings with key officials including the Prime Ministers of Slovenia, Latvia and the Czech Republic, Minister of Environmental Protection for the Republic of Serbia, Minister of Economy for Slovenia, Deputy State Secretary of Denmark’s Ministry of Climate and Energy and the Minister in Shadow for Energy, Industry and Postal affairs of the United Kingdom of Great Britain and Northern Ireland. The team also met with high level representatives from Mitsubishi Heavy Industries, Columbia University, the Business Advisory Council for South Eastern Europe and the World Renewable Council.
Miodrag Andric, President of Notos, commented: “At this important forum leaders from government, energy and science came together to forge solutions to the challenges of energy security and climate change. Increased use of domestic renewable resources to decrease reliance on foreign imports and reduce emissions was a key element of the discussions. As Serbia’s first developer of wind power we were honored to be able to offer our insight and expertise.”
J. M. De Castro, CFO of Green Star Alternative Energy, stated: “Increased use of renewable resources is critical to a sustainable energy future for Europe and the world. Green Star Alternative Energy is committed to developing more than 300 megawatts of clean, homegrown wind power.”
About Green Star Alternative Energy (GSAE.PK)
Green Star Alternative Energy, Inc. is engaged in developing clean energy from the power of wind. To drive growth and revenue Green Star is focused on the development of wind energy, the import and export of electricity, the cultivation of agriculture on its wind farms, and the supply of greenhouse gas emission credits. The company is pursuing a significant opportunity to provide clean power to the growing Republic of Serbia and neighboring European countries. With the pending acquisition of key wind farm and power trading company Notos, Green Star will become one of a select few companies licensed to trade electrical power into and out of Serbia, the only company in Serbia able to generate and export its own wind energy, and the nation’s first developer of wind power.
Green Star is also pleased to announce the hiring of Market Trend News Inc. Market Trend has been engaged for a three month period to assist Green Star with investor relations and investor communications.
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