Green Energy Holding Looks to Expand in Mideast, Africa

Green Energy Holding Corp., based in Colorado, US, is planning to develop production capacity using the company’s licensed technology. Green Energy said in its quarterly report that it expects to focus on all developing aspects of green energy in the Mideast and African regions.

However, with the global economy on a downturn, the company said that it didn’t foresee profitable results before Q3 of this year. The report also stated, “However, given the uncertainties surrounding the timing of adding new capacity as well as predicting gross margin, we annot assure you that we will show profitable results at any time.”