Tuesday, August 16, 2011

(OTCBB: XPWR) Selling Wind Turbines in the Largest Market


XZERES Corp. (OTCBB: XPWR) announced earlier this week that it has a Letter of Intent for the purchase of $3.2 million of its turbines.


Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid IO News Wire twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.According to renewableenergyworld.com Asia has sustained a record demand for wind power. After claiming less than 1.9 GW of installed capacity in 2000 -- representing approximately 10 percent of the global total -- the region has rapidly fed its appetite for wind energy. Over the past two years, Asia has emerged as the world's second largest regional player in terms of total installed wind capacity, capturing 25 percent of cumulative installations in 2009 and 29 percent in 2010, up from 13 percent in 2005. It has also become the fastest growing wind market worldwide, accounting for 47 percent of global annual wind additions in 2010, up from 21 percent in 2005.The lights were on every three turbines out of the 47. The lights needed to be turned off to be consistent with a planned 102-turbine installation, the wind farm's second stage, which will not have any aviation hazard lighting installed, according to TrustPower.The Snowtown Windfarm in South Australia is the home to 47 wind turbines. The lights, which are located on the turbine nacelles, had been required under the wind farm's original development approval to satisfy the Civil Aviation Safety Authority (CASA) requirements.

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