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Wind Works Power Corp WWPW

Wind Works Power Corp. is a Canada-based zero emission company. The Company is engaged in designing, large-scale wind farms. The Company is developing a pipeline of projects in Germany and has a project pipeline in the United States. The Company has its projects in Ontario, Germany and in the United States of America. The Company’s project in Ontario includes Capstone Infrastructure JV and Skyway 126. The Company's project in the United States of America includes Big B and Buffalo Ridge. The Company is developing an approximately 40-megawatt (MW) pipeline of wind farm projects in Germany. The Company is also developing a solar pipeline of about 100 MW in the United States of America. The Company primarily intends to develop wind parks. It assembles land packages, secure requisite environmental permitting, provide wind testing by erecting towers to measure wind speed.


GREY:WWPW - Post by User

Bullboard Posts
Post by scissors14on Jun 17, 2011 12:51pm
203 Views
Post# 18729821

Wind Works Power Corp. Acquires 50% Interest in On

Wind Works Power Corp. Acquires 50% Interest in On

Wind Works Power Corp. (OTCQB: WWPW)(FRANKFURT: R5E1)(WKN: A0RPM2) is pleased to announce it has signed an Agreement to acquire a 50% interest in a 5 megawatt (MW) wind energy project located in Ontario, Canada. The Project was awarded a Feed-in Tariff (FIT) power contract by the Ontario Power Authority in April 2010.

"We are looking to increase our project portfolio in Ontario, a market with a progressive feed-in tariff system whereby the government offers a 20-year power contract", comments Dr. Ingo Stuckmann, Wind Works' President and CEO. "This new project is a strong complement to our current project portfolio in Ontario given its advanced stage of development."

Highlights:

-- Wind Works is required to fund all development costs of approx. $1
Million which includes interconnection to the HONI power grid;
-- The Purchase Price for Wind Works is subject to the final economic
parameters and is not due until the project has received Renewable
Energy Approval by the provincial government;
-- Wind Works will be required to finance the Project after Renewable
Energy Approval by securing the necessary debt financing for the
project;
-- Wind Works will organize construction of the project.

Bullboard Posts