Carbon will be the world's biggest commodity market, and it could become the world's biggest market overall.
PALM BEACH, Fla. (PRWEB) October 8, 2008
Brad Tolley, Chief Executive Officer, said, "Management is very pleased to announce that after more than a year of debate, our Congress has approved a bill that will extend the renewable energy tax credits. Andover Energy Holdings, Inc., is a public trading company committed to dedicating its management skills and capital raising abilities in order to develop new clean energy solutions for the world. Whether it is for new clean energy technology, wind farm development, solar development, acquisition of ancillary suppliers and manufacturers to the clean energy industry, Andover Energy intends to stand out as a global leader in this challenging effort. Renewing the Tax Credits was a critical component of the Company's being able to move forward successfully. Our business venture plan is based on the investment opportunity created by the tax incentives and business drivers."
Alternative energy will be stimulated by the following tax credits: Production Tax Credit (PTC), a vital component of financing all wind energy projects. Investment Tax Credit (ITC), the first federal support for small wind turbine projects. One of the most important key components that the Company will be relying on for its financing of wind farm development is Carbon Credits. Carbon Credits were designed to manage emissions, one of the fastest growing segments in financial services industries. Barclay's Capital predicts that "Carbon will be the world's biggest commodity market, and it could become the world's biggest market overall."
Mr. Tolley concluded, "Throughout this past year, the Company has been busy assembling a team of engineers, an alternative energy specialist, a marketing and business development professional, and locating land which has a constant flow of non turbulent wind throughout the year with a minimum speed of 15 mph. We have lined up two sources of the all important wind turbines' equipment with delivery commitments within a workable time frame for our needs. We believe that the renewal of the tax credits emboldens our intentions to be in operations before the end of the year."
FORWARD LOOKING STATEMENTS: This news release may contain forward-looking statements under the provisions of the Private Securities Litigation Act of 1995, as amended, that are subject to inherent risks or uncertainties. These risks and uncertainties are described from time to time in the annual, quarterly and other periodic reports filed by the company with the Securities and Exchange Commission.