Pacific Blue Energy Announces Acquisition Strategies

PHOENIX, AZ, March 31 /PRNewswire-FirstCall/ - Pacific Blue Energy Corporation (OTC.BB: PBEC) is a renewable energy development company that seeks to build and manage large renewable energy projects. Management's goal for Pacific Blue Energy is to maximize shareholder value through select property acquisition, timely renewable energy facility construction and informed management of those projects. The company is headquartered in Arizona, one of the prime solar energy markets in the U.S. Pacific Blue Energy places great emphasis on performance and value and objectively selects vendors, technologies and equipment from top suppliers worldwide.

As part of this goal Pacific Blue Energy will seek to put in place long-term contracts with utility companies to sell power derived from renewable energy. Twenty-seven U.S. states (generating 42 percent of the electricity sales in the U.S.) now have regulations related to RPS or renewable portfolio standards. These regulations require the increased production of energy from renewable energy sources, such as solar, wind, and geothermal. They are also sometimes known as renewable energy standards or (RES).

An RPS places a requirement on electrical utilities to produce a specified percentage of their electricity from renewable energy sources by a specified date (e.g. Arizona 15 percent by 2025). Renewable energy generators sell their electricity to these supply companies. Because it is a market mandate, the RPS relies almost entirely on the private market to meet these goals.

To participate in this historic government mandated opportunity to shift energy production toward renewable sources, Pacific Blue Energy's mid-term goal will be to actively pursue this market in the southwest U.S. and other markets as needed. Shorter-term options include acquiring an interest in an already permitted renewable energy project. But ultimately, Pacific Blue Energy's focus will be to secure prime renewable energy project sites and develop utility scale renewable energy projects.

Longer-term goals involve securing long-term energy power purchase agreements (PPA's) - which are legal contracts between electricity generators and power purchasers. PPA providers maintain and monitor the energy production, and sell the electricity to the host at a contractual price for the term of the contract, typically 20 to 30 years. PPA providers can enable businesses, schools, governments and utilities to benefit from predictable, renewable energy and reduce dependence on foreign and domestic non-renewable energy sources.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.

SOURCE Pacific Blue Energy