Awesome Investments Inc.
Awesome Investments Inc. : Approx. 1,680 acres land secured – Morocco
Awesome Investments Inc. / Key word(s): Miscellaneous Awesome Investments secures approx.1, 680 acres of land in Morocco Due to radiation intensity and existing available space North African countries are predestinated for the employment of solarthermal power plants. Locations with an annual direct radiation of over 2.400 KW/H per square meter are not rare to find. Awesome Investments Inc. started several years ago acquiring such estates through leases from resident landowners. Geographically well situated estates that offer perfect conditions for wind and solar power plants are from major interest Activities launched by Dii GmbH linked to the Desertec Project in 2009 put the region on the screen for worldwide investors and in the center of the public interest. The Clean Technology Fund issued by the World Bank and the African Development Bank with a total volume of 750 million US dollar ('Concessional Loans') subsidizes the implementation of solarthermal power plants and induces the region to public tendering of such. In November 2009 the Moroccan government announced the building of 2,000 MW of solar power plants until 2020 (plan Solaire Marocain). In a first step Moroccan solar energy agency MASEN began the advertisement of 125 MW at the location of Ouarzazate in 2010. Altogether 500 MW are to be built at this location until 2015 through several advertisements. Awesome Investments Inc. maintains lucrative relations with the so-called MENA States (Middle East and North Africa) for several years and began securing land in the year 2004, particularly in northeastern Morocco and in northwestern Algeria. Long before the beginning of the so-called solar boom Awesome Investments compelled a feasibility study in the Maghreb based upon which it secured approx.1,680 acres of land in the eastern Moroccan area around Oujda and Ouarzazate. This land is supposed to be explored in a combined costing, whereby approx. 6.5% are held by the company itself for the use of own solar plants and the remaining surfaces are to be leased to the large operating companies. Beside the actual solar parks infrastructural aspects such as roads, entrances for air traffic etc. play a crucial role within the assignment of the territories. The so-called Arab Spring contributes crucially to the positive development of the North African states and Awesome Investments Inc. will have a strategical position in the promising solar market of this region through its beforehand planned engagement. Awesome Investments expects an increase in sales of approx. 140% within the next three years. Awesome Investments Inc. is a holding company in the Mid Market segment with its main focus on the profit participation within the range of gold, rare earth as well as renewable energies. Awesome Investments Inc. is a Canadian corporation with shares publicly traded on the Frankfurt Stock Exchange under stock symbol A2W. For further information please visit www.awesomeinvestments.ca or contact by email: info@awesomeinvestments.ca or phone: +1 604 288 53 50 End of Corporate News 01.11.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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