Green Star Analysis Shows 50 MW Wind Farm Potential in Veliko Gradiste (Serbia)

Green Star Alternative Energy, Inc. (Pink Sheets: GSAE; "GSAE" or the "Company") ( is pleased to announce that an analysis of the Veliko Gradiste zone demonstrates the potential for 50 MW of wind energy development. As per the agreement with the municipality, Green Star is exploring the economic viability of the region’s wind resources to determine whether to exercise the right to develop wind power and supply the area with green electricity.

The Company’s wind resource engineer, MSc. Nikola Vasiljevic, has sited three separate micro locations in his report: two in Ram and one in Deliblatska Pescara. Plans to erect one of the Company’s wind sensors at the Ram site are underway. The Municipality of Veliko Gradiste is located in north-east Serbia approximately 100 km east of the capital, Belgrade. Its territory encompasses 344 square km on the right bank of the Danube River and left bank of the Pek River.

Miodrag Andric, CEO of Green Star Alternative Energy, stated: "The Company is committed to increasing its portfolio of wind farm development locations. By utilizing comprehensive analysis and meticulous exploration systems, Green Star will continue to acquire gainful opportunities in the wind energy sector."

Belo Blato Project Description

The Belo Blato Wind Energy Project will be a milestone for the Republic of Serbia. It will be the first wind farm development in the region and will progress the national initiative for increased energy creation from renewable resources. The site is located in the Autonomous Province of Vojvodina and will produce 20 MW of electricity. This undertaking begins the intial phase of energy development and will increase rapidly into other areas being considered for expansion.

Belo Blato project will:
* produce 20 MW of electricity
* deliver energy to an under supplied Serbian market
* provide renewable, made-in-Serbia electricity for generations to come
* help reduce greenhouse gas emissions
* provide local jobs
* provide wheat for the local community
* contribute to local community development
* be a representation of the potential that exists in renewable energy

Wellbury Infrastrukturberatungsgesellschaft GmbH of Austria and US wind developer Green Star Alternative Energy (GSAE) Incorporated will jointly develop a 120 MW wind farm in Northeast Serbia.

This advanced stage project is to be sited in the Municipality of Pancevo in the District of Banat, within the Autonomous Province of Vojvodina.

In excess of 28-months of wind resource data have been accumulated at over three micro locations and the results indicate a significant energy potential of 120 MW.

The data analysis was conducted using the Wind Atlas Analysis and Application Program (WAsP), which provided optimal wind turbine positioning for 60, 2 MW generators.

A ‘Protocol of Cooperation’ has been signed by the City of Pancevo, the Secretariat of Energy for Autonomous Province of Vojvodina and the Serbian Energy Efficiency Agency.

Furthermore, a license for grid connection is in process by the national transmission operator (EMS).

Wellbury has an office in Belgrade and since 2005 it has been involved in renewable energy project development programmes in Serbia and its neighbouring countries.

Green Star Alternative Energy is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighbouring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation’s first developer of wind power. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.