IRVINE, Calif., March 14, 2008 (PRIME NEWSWIRE) -- "The exorbitant rise in oil prices has few immediate benefits to the American consumer suffering at the gas pump. But there are some," stated SmallCap Sentinel analyst D.R. Clark. "Primarily, it's the fact that the high price of oil makes other energy solutions more viable and creates consumer interest in those initiatives. Factor in the eminent need for alternative energy from environmentally-friendly sources like wind, and you can see why wind energy pioneer Nacel Energy Inc. (OTCBB:NCEN) finds itself an anecdote for an economic malaise with no signs of subsiding. It doesn't take an economist to recognize that wind energy is positioned in a most favorable light when oil barrels hit peak pricing."
An analyst report about Nacel Energy Corp discussing how wind farm economics improve as the price of oil increases is available at http://www.gaskinsco.com/linkto-ncen.shtml and will provide insight of interest to wind energy producers including Progress Energy (NYSE:PGN), Wind Energy America Inc. (OTCBB:WNEA), and America's Wind Energy (OTCBB:AWNE).
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www.wallstreetanalystreport.com
About Nacel Energy
NACEL Energy is one of the first companies in the nation developing COMMUNITY WIND -- utility-scale wind energy projects using state-of-the-art turbines with a sustainable footprint and local partners. COMMUNITY WIND projects are generally less than 20 MW and can enjoy a competitive advantage over other forms of wind energy development, including faster permitting times, local political support and additional government incentives.
In return for an equity stake, NACEL Energy structures innovative financial partnerships with ranchers, farmers and rural electric co-operatives, complementing the federal incentives promoting wind energy development including the Production Tax Credit (PTC) and Clean Renewable Energy Bonds (CREBs), and serving to improve wind energy project economics and expedite timelines.
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