In 1999, Chermac Energy Corporation began work on alternative energy wind development in the State of Oklahoma. In Oklahoma, Chermac Energy Corp. has acquired over 60,000 acres of wind lease and easement rights in Harper, Dewey and Texas counties. And in Texas, Chermac Energy Corp. has acquired over 50,000 acres of wind lease and easement rights in the panhandle. Chermac Energy Corp. was the original developer of the Oklahoma Gas and Electric 120 MW Centennial Wind Farm and the 94.5 MW Sleeping Bear Wind Farm in Harper County, Oklahoma, both completed in 2007. Other planned projects for 2008-2010 include a total of 909 MW projects in Oklahoma and Texas. In addition, Chermac Energy Corp. is currently researching and developing an additional 3,500 MW of projects in the Oklahoma, Texas, Western and Eastern United States.
Chermac Energy Corp. applied the same principles for wind energy that were applied for oil/gas exploration: commercially productive location, interconnection and transmission availability, surface owner acceptance of energy production from their property and cost effective project management. Chermac Energy Corp. has acquired the most state-of-the-art wind farm design software available, as well as established relationships with many engineering and technical service companies to provide a “complete wind development” package for its projects. Chermac Energy Corp. has worked in development of precise financial models to provide a complete in-depth economic analysis of each project. Other relationships established by Chermac Energy Corp. during the preconstruction phase to bring the projects to operation include GE, ABB, CEG, Vestas, Suzlon, Pioneer Telephone, Western Farmers Electric Cooperative, C.H. Guernsey, Oklahoma Wind Power Initiative, Western Electric Coordinating Council and Southwest Power Pool.
Chermac Energy Corp. and its team of professional consultants, is in the process of developing up to 2,000 MW of additional wind nameplate capacity in Oklahoma, Kansas and Texas in the next five years. Also, Chermac Energy Corp. is actively evaluating and pursuing up to 1,500 MW of wind nameplate capacity in the Western and Eastern United States with expected development completion of all by 2013. Chermac Energy Corp. maintains $20,000,000 in liability insurance for wind operations.