BALTIMORE, Sept. 9, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT - News) released a statement today that according to EIA's International Energy Outlook 2010, wind generation is expected to account for more than 3% of total world electricity by 2020 (Source: http://www.eia.doe.gov/energy_in_brief/wind_power.cfm?src=email).
Wind and solar are fast becoming the leading sources of renewable energy, which puts Kalahari Greentech in the right place at the right time. Kalahari Greentech designs, produces and provides wind turbines, solar collectors and other sustainable energy technologies. Nearly $2 billion in money from the American Recovery and Reinvestment Act has been spent on wind power, funding the creation of enough new wind farms to power 2.4 million homes over the past year. (Source: www.abcnews.com).
Kalahari's Wind Generator concentrates wind energy in a manner such that it can generate electric power at speeds usually too slow for conventional wind generators to produce any meaningful energy, or to even operate.
Many wind generators on the market today are a hazard to birds and other wildlife. Kalahari's Wind Generator avoids the bird strike problem because each unit comes standard with a shield that blocks birds from being hit by the turbine blades.
The 2009 World Wind Energy Report issued by the World Wind Energy Association illustrated impressive growth rates in the wind sector in 2009, despite the global financial crisis. The report states, "Increasing awareness of the economic, social and environmental benefits of wind energy will further boost investment in new wind farms." (Source: www.wwindea.org).
More information can be found on the company's website, www.kalaharigt.com.
About Kalahari Greentech, Inc.: Kalahari Greentech Inc. is an energy company focused on developing, constructing and operating wind and solar energy projects, either on its own or in partnership with other energy companies. The company's main focus is to seek out opportunities to utilize its technology to develop renewable energy sources.
Forward Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
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