NEW YORK, July 13, 2005 (PRIMEZONE) -- Green Energy Resources (Pink Sheets:GRGR) has confirmed Alstom of Sweden will convert Scottish Southern Energy's (SSE) Power Plant at Fiddlers Ferry Ferry (U.K.), to biomass and co-firing power generation from coal. It will be the largest renewable energy power plant in the U.K. The plant was designed and built by Alstom in the 70s and is scheduled to be operational by the first quarter of 2006. It is one of several U.K. facilities Green Energy Resources has been working with for nearly two years. The conversion of coal-fired plants to co-fired plants, represents over 51% of total energy markets in the world, larger than oil and gas combined. Each power plant conversion represents significant growth potential for Green Energy Resources in the international energy field. Green Energy Resources will address the international coal industry at its 25th anniversary conference in Paris in October.
Nearly two dozen new biomass power plants are scheduled to go on-line in 2006 in the United States. Green Energy Resources has been contacted by numerous power utilities in regard to supplies of biomass throughout the USA, including Florida, Michigan, California, New York, Connecticut, New Jersey, Vermont, and Pennsylvania, to name a few. The Renewable Portfolio Standard (RPS) is very favorable in the northeast, where power generators get both renewable energy credits and tax credits for green energy. Discussions are ongoing. Many of the contacts were developed through the Wall St. Renewable Energy Forum last month in New York City.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financing and other risks.