MORE AMAZING NEWS! WWPW Now in Commercial Operatio
Wind Works Power Corp. Delivers its First Turnkey Wind Farm
Wind Park Burg I Now in Commercial Operation
September 24, 2012
OTTAWA, ONTARIOSeptember 24, 2012 – Wind Works Power Corp. (OTCQB:WWPW.BBO - News)(Frankfurt:R5E1.F - News)(WKN: A0RPM2) is proud to announce they have successfully built their first wind farm, a 4 megawatt, $12 million project located in Germany. Wind Park Burg I was delivered turnkey to private investors on September 18, 2012 and has officially commenced commercial operations.
On January 19, 2012, Wind Works announced the sale of Burg I for a turnkey sales price of $12 million, payable according to milestones. In addition, Wind Works will earn a 1% royalty on gross revenues of the wind farm, with the potential to increase the royalty to 2% based on actual performance targets.
"After building and delivering a turnkey transmission facility last month, including a 110kV high voltage substation, we are pleased to have successfully completed the turnkey construction of our first wind farm in Germany”, comments Dr. Ingo Stuckmann, Wind Works’ President and CEO. “We have now proven we can deliver wind farm projects on time and within budget, and we look forward to continuing this success with a number of additional projects, starting with Wind Park Burg II, which we expect to be in construction Q2 2013.”
About Wind Works * 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 10 tons each year (for Germany), it only takes a modern windmill 1 day by producing approx. 20,000 kilowatt hours of zero emission energy. For more information, please visit: www.windworkspower.com
Greg Wilson CIM, FCSI