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Western Wind Energy Corp V.WND



TSXV:WND - Post by User

Post by thenoobon Dec 20, 2011 11:32pm
250 Views
Post# 19340556

Windstar - finally! (up day tomorrow? :)

Windstar - finally! (up day tomorrow? :) Jeff Ciachurski, President of Western Wind Energy states "We are extremely pleased about having reached this milestone on our flagship "Windstar" Project. 2011 is an exceptional year for Western Wind as we have brought online, two new projects, totaling 130.5 MW of rated capacity, an increase of almost 400% of our previously producing capacity base. With 165 MW online within the next two weeks, from four different projects, Western Wind is in a position to move from a small developer/producer to a full mid-level integrated independent power producer, with a focus on renewable energy only. To have built $340 million of projects this year, without any dilution at either the corporate or project levels, is a testament to the gold medal effort of the whole Western Wind team. I am very proud to be leading this effort and I believe the market is reflecting this by being the only renewable energy company that has had its market capitalization substantially increase over the past two years. Our share value is up almost 400% from March 2009 whereas the entire remainder of the renewable energy industry is, on average, down 80% - 90% over the same period.With the incoming cash grants of over $100 million between Kingman and Windstar, and the strong revenues and cash flows commencing January 1, 2012, we are proud to say that the Q2 2012 reporting period will produce overwhelming evidence to the investment community in this "show me" market environment."
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