Green Energy Development Announces Affiliation with Carbon International LLC and the Formation of a Committee to Explore a Minority Ownership Position in Carbon International

Atlanta, Georgia. – September 17, 2010 – Green Energy Development, Inc. (“GED”), the premier global developer and provider of renewable and sustainable energy projects, including biomass/waste-to-energy, solar, and wind energy solutions and technologies, announced the that it has secured a teaming agreement with Carbon International, LLC. (“CI”) and has formed a committee of its Board of Directors to explore taking a minority position in CI.

Carbon International is in the business of providing management solutions with regard to the evolving and emerging market of carbon management, including the review and analysis of carbon footprints, energy certificates and certifications and general energy auditing. GED’s affiliation with CI allows GED to maximize its project development approach and review projects with an eye toward carbon and energy certificates create by GED’s renewable energy development projects. GED’s relationship with CI provides GED the expertise to include carbon management as part of its renewable development and operations business.

David Ames, GED’s CEO and Chairman stated “we are excited to be able to work with Carbon International and apply their skill and experience in the carbon management sector to our renewable energy development.” Further, Mr. Ames stated “the field of carbon footprint analysis and energy audits is directly related to GED’s core business of providing renewable energy solutions. GED’s customers will only benefit from the knowledge and experience that Carbon International adds to GED’s platform of services”.

Mark Loewen, CEO of Carbon International stated that he “envisions tremendous opportunity between the two firms by leveraging the strengths and expertise of the GED team. By combining their expertise, the two companies will expand their core offerings while strengthening their commitment to a sustainable future. CI looks forward to working alongside GED in developing new and innovative renewable energy projects while helping organizations reduce their need for traditional fossil fuels.”

With regard to GED taking a minority position in CI, Mr. Ames stated “by exploring the idea of taking a minority position in Carbon International merely solidifies GED’s commitment to carbon management and the renewable sector as a whole.”

About Green Energy Development, Inc.

Green Energy Development, Inc. (“GED”) is the premier global renewable energy utility. GED is technology agnostic, allowing it to focus on all major approaches to renewable energy including biomass/waste to energy, wind, and solar. GED’s business model provides diversity and risk mitigation across global renewable energy opportunities in this emerging market. GED renewable energy opportunities are identified and qualified through an extensive global network of technical and strategic stakeholder relationships, and GED’s monitoring, assurance, auditing, and management system provides investors a real-time view of project/utility performance.

Contact Information

David R. Ames,

Chairman and Chief Executive Officer

Green Energy Development, Inc.

Contact via E-mail