SHANGHAI, China, Feb. 10, 2012 /CNW/ - Sunbelt International Inc (http://www.sunbelt-inter.com/) (OTCBB: SUNB) is pleased to announce a letter of intent has been signed with a private Chinese banking consortium to work with non-dilutive equity financing. President of Sunbelt International Fang Soo Liu commented, "Opportunities this partnership provides will enable Sunbelt International to move forward with plans for expansion at a rapid pace."
With a recent major announcement estimating that wind power will account for 20% of the world's electricity supply by 2030, the potential for this renewable energy source around the world is at the highest level it has ever been. Sunbelt International recognizes Wind and Solar energy as one of the fastest-growing sources of energy.
Assisted by technological innovation and years of government subsidies, the cost of both wind and solar power has fallen significantly. These sustainable energy industries are striving to deliver electricity at prices competitive with power derived from fossil fuels. Over the last six years, wind turbine production has experienced 12-fold growth. Mr.Liu states that, "Sunbelt International is strategically placed to take advantage of the coming world wide demand." He further predicts continuous growth at an increasing rate for many years to come.
For further information:
Sunbelt International Inc. Fang Soo Liu President [email protected]