Wind Works Power Corp. Signs Contract With REpowerWind Works Power Corp. Signs Contract With REpower Systems for the Construction of Ontario Wind Farms Totaling 30 MW
4/19/2011 9:05:29 AM - Market Wire
OTTAWA, ONTARIO, Apr 19, 2011 (MARKETWIRE via COMTEX News Network) --
Wind Works Power Corp. (OTCQB: WWPW)(FRANKFURT: R5E1)(WKN: A0RPM2) is pleased to announce it has signed a contract with REpower Systems AG for the delivery, installation and maintenance of 15 REpower MM92 type turbines in a special cold climate version for three wind farms totaling 30 megawatts (MW) of installed power. The wind farms, named "Whispering Woods" (10 MW) and "Ganaraska" (20 MW), will be located in Southern Ontario's Oshawa region and able to supply electricity to approximately 60,000 homes on an annual basis.
"REpower and its parent company are the third largest turbine manufacturer in the world and we are very pleased to be working with them once again," commented Dr. Ingo Stuckmann, Wind Works' President and CEO. "I was involved in ordering seventeen of these same windmills in 2007 and they are performing with over 98% technical availability. They are a proven and clean technology."
Both the Ganaraska and Whispering Woods wind parks projects have been awarded a Feed-In Tariff power purchase contract by the Ontario Power Authority and environmental studies are currently being completed for each project.
"We are pleased to contribute to the largest climate change initiative in Canada as well as to the sustainable development of the region", says Helmut Herold, Manager of RePower Systems Inc., the turbine manufacturer's Canadian subsidiary. "In fact, the construction of the wind farms will not only provide clean energy, but also create employment for the region. Wind power is perfectly feasible with today's technical resources. It's not a utopian idea and Ontario's Feed-In Tariff program highly stimulates wind energy investments", Mr. Herold added.
The Feed-In Tariff program was enabled by the Green Energy and Green Economy Act which passed into law in May of 2009 and guarantees a certain pricing structure for green energy supply.
About REpower
REpower Systems AG, a Suzlon group company, is one of the leading manufacturers of onshore and offshore wind turbines. The international mechanical engineering company develops produces and markets wind turbines with rated outputs of 1.8 MW to 6.15 MW and rotor diameters of 82 meters to 126 meters for almost any location. The company also offers a comprehensive portfolio of service and maintenance packages. The profitable and reliable systems are designed at the REpower TechCenter in Osterronfeld and manufactured at its plants in Husum (North Friesland), Trampe (Brandenburg) and Bremerhaven as well as Portugal and China.
With more than 2,200 employees worldwide, the company, which has been listed since March 2002 and is headquartered in Hamburg, can make use of the experience gained from the manufacture and installation of around 3,000 wind turbines around the world. REpower is represented by distribution partners, subsidiaries and participations in European markets such as France, Belgium, the UK, Italy, Portugal, Sweden, Poland and Spain as well as on a global level in the USA, China, Australia and Canada.
About Wind Works (i) Zero Emission People
Our mission is to provide the opportunity for people to participate in the development of renewable wind energy projects. We believe in making sound, environmentally conscious investments that are good for our shareholders and our planet. To eliminate one person`s carbon footprint of 20 tons each year (for the US), it only takes a modern windmill 2 days by producing approx. 40,000 kilowatt hours of zero emission energy. For more information, please visit: www.windworkspower.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the company's control, inability to successfully conclude negotiations currently in progress, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contacts:
REpower Systems AG
Daniela Puttenat
Corporate Communications & Public Relations
+49 - 40 - 55 55 090-3024
+49 - 40 - 55 55 090-3900 (FAX)
d.puttenat@repower.de
Wind Works Power Corp.
Investor Relations
613-226-7883
https://www.windworkspower.com
RePower Systems Inc.
Maike Althaus
Communications & Government Relations
1-514-935-4595 ext. 212
1-514-935-4568 (FAX)
m.althaus@repower.de
RePower Systems Inc.
Thomas Schnorrenberg
Investor Relations
+49 - 40 - 55 55 090-3051
+49 - 40 - 55 55 090-3900 (FAX)
t.schnorrenberg@repower.de
SOURCE: Wind Works Power Corp.