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BBRD and Beijing Capital Group (BCG) Are in Discussions With One of the Largest Electrical Suppliers in Southern China for Combined Co-Operation
BBRD and Beijing Capital Group (BCG) Are in Discussions With One of the Largest Electrical Suppliers in Southern China for Combined Co-Operation.
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[{"type":"text","content":"\n\n\n\nBBRD and Beijing Capital Group (BCG) Are in Discussions With One of the Largest Electrical Suppliers in Southern China for Combined Co-Operation\n\n\n\n\n\nBBRD and Beijing Capital Group (BCG) Are in Discussions With One of the Largest Electrical Suppliers in Southern China for Combined Co-Operation\nPR Newswire\nTEL-AVIV, Israel, May 28, 2015\n\n\n\nTEL-AVIV, Israel, May 28, 2015 /PRNewswire/ --\n\nBlackbird International Corporation (OTCBB:  BBRD), a global leader in renewable sea wave energy technology, is pleased to announce a major milestone for the company.  Its fully owned subsidiary, WERPO, together with Beijing Capital Group (BCG) which represents WERPO in China, are in discussions with one of the most important electric companies in China for the purpose of building a very large infrastructure for ocean powered generators to produce clean and efficient electricity. WERPO concludes that this agreement has great potential in promoting WERPO's sea wave energy systems across China as well as a model for the entire region.\n\nWERPO has initially proposed to build a 100 MW Power Station which should generate approximately $25 Million in annual revenues.\n\nShmuel Ovadia, director at WERPO and inventor of its proprietary sea wave energy technology, stated, \"China is one of WERPO's strategic locations; it has the potential to supply enough energy for all of China due to the region's vast expanse of ocean. This is most important since there are growing environmental concerns in China.\"\n\nAs Bloomberg pointed out in a recent article, \"World Energy Consumption to Increase 56% by 2040, led by Asia.\" China has already surpassed the U.S. for energy use since 2010.\n\nIn promoting renewable solutions, China must turn to sea wave technology to supplement the energy lost from shutting down conventional and nuclear-based power plants.\n\nThe Global Status Report, released by the Renewable Energy Policy Network for the 21st Century, said China invested more in renewable energy than all of Europe did in 2013. New renewable power capacity surpassed new fossil fuel and nuclear capacity in China for the first time.\n\nIn 2013, China's investment in renewable energy was $56.3 billion, accounting for 61 percent of the developing-country investment in renewables.\n\nAbout WERPO, sea wave energy technology:&...