The Idaho wind farm developers have additional nearby wind farm developments planned.
LOS ANGELES, CA [WorldofRenewables.com]
Pavilion Energy Resources, Inc. (PINKSHEETS: PVRE). The Company is a 40% partner in a Joint Venture planning a new wind turbine manufacturing facility in Idaho to mass-produce proprietary 3-5 Megawatt accelerating wind turbines to fulfill an initial $100 million turbine order.
The Idaho wind farm developers have additional nearby wind farm developments planned, which they have indicated should result in additional follow-on orders for approximately $300 million worth of accelerator turbines. This further underpins the Idaho manufacturing business plan.
PVRE and partners have a similar manufacturing facility planned for Southern California, primarily to enable repowering of existing wind farms.
PVRE and its JV partners are also progressing their various long-term offshore wind power project proposals, which are of significant potential scale. The partners will propose developing a JV with US shipbuilders to develop and manufacture a larger $30 million, 20MW capacity accelerating turbine, both for PVRE’s proposed offshore projects and for third-party offshore wind turbine customers. The US shipbuilding industry has significant spare production capacity and access to capital.
The move into accelerating turbine manufacturing means PVRE is now primed for explosive revenue growth.
PVRE’s Accelerated Wind technology promises to dramatically lower wind production costs from 7-9 cents/kWh to projected life-cycle costs of 3-4 cents/kWh. Finally making wind power cheaper than fossil fuels (coal-gas).