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As the demand for clean renewable energy solutions continues to skyrocket, investors are going to want to keep a close eye on Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE). Yesterday after the markets closed, the company, which is working to develop more than 300 megawatts of clean wind energy, issued a press release announcing the development of a new wind energy project in the Republic of Serbia. It will be the country's first alternative energy project to generate renewable, emission-free power from wind.

This is great news for the company, as the press release states that the 20 Megawatt (MW) Belo Blato wind farm will be the initial phase of a 300 MW development plan! Highlights from the press release include:

 --  Green Star expects the Belo Blato project to come online by second     quarter 2009.      --  Green Star reports the Belo Blato wind energy project is being     developed to generate 20 MW of wind power to provide 6,000 homes with a     supply of eco-friendly electricity.      --  Green Star is acquiring alternative energy development and power     trading company Notos d.o.o. to become Serbia's first wind power developer.      --  The company also plans to grow and sell wheat to maximize use of the     site's fertile soil      

For complete details, please refer to yesterday's press release.

Investors are urged to monitor the progress of Green Star Alternative Energy! Miodrag Andric, President of Notos, commented: "Serbia is ready for wind power. The nation has ample wind resources and a stable and growing economy. National energy policy calls for increased use of renewable resources to meet rising electricity needs. We are thrilled to be helping Serbia to realize its clean energy potential."

J. M. De Castro, CFO of Green Star Alternative Energy, stated: "The Belo Blato wind project is progressing through the final stages prior to construction. A feasibility study has been completed and permits are in process. We expect construction to begin in early 2009 with the first turbine operating in the second quarter. This project marks a new era of clean energy generation for Serbia.