July 22, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Pacific Blue Energy Corp. (OTCBB: PBEC), a development stage renewable energy company, said that it has entered into an agreement for the acquisition of 100 acres in Gila Bend, Arizona. As part of its plan to develop a new 150 megawatt solar farm, the company is also in negotiations to purchase an additional 707 acres adjacent to the 100 acre parcel.

This follows on its May report of a 20 megawatt Sunshine Solar Farm solar electric project currently in development with Siliken Renewable Energy on 154.3 acres it owns near Flagstaff Arizona.

Joel Franklin, CEO of Pacific Blue, said, "Part of our business plan is to continue to identify and purchase land that can be developed for solar farms." As the company points out, the Obama Administration in June awarded a $1.45 billion loan guarantee to the Solana Generating Station solar-power plant in Gila Bend, Arizona.

The Gila Bend solar project would be located a few miles from the Sunshine Solar Farm property, which Pacific Blue points out is also favored with ample annual sunlight and is close to an electrical substation and 69 KB transmission line.

It said that both PBEC properties also benefit from the support of local government for the development of renewable energy in the area.

Arizona-based Pacific Blue Energy is a solar energy company that seeks to build and manage large renewable energy projects.

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