NEWS!! WWPW Announces Permits and Procurement of E
Wind Works Power Corp. Announces Permits and Procurement of Enercon Wind Turbines for Wind Park Burg II in Germany
March 19, 2013
OTTAWA, ONTARIO March 19, 2013– Wind Works Power Corp. (OTC:WWPW - News)(WKN: A0RPM2) is pleased to announce that it received permits to commence construction on its 6.9 megawatt (MW) Wind Park Burg II project in Germany. Phase one of this project, Wind Park Burg I, is a 4 MW project that Wind Works developed and built on-time and on-budget. The $12 Million project has been online since summer 2012.
Wind Works also announces that they have signed supply agreements with wind turbine manufacturer Enercon for the provision of three Enercon 2.3MW E-82 wind turbines for Wind Park Burg II. Financing for the project is underway, and it is expected that construction will commence in April 2013, with an anticipated in-service date in Q4 of 2013.
“With permits now in hand, and the turbines ordered, we can now finalize plans to finance Burg II, following which we will commence construction”, comments Dr. Ingo Stuckmann, Wind Works President and CEO. “We are happy to be working once again with Enercon. They are a market leader in Germany with over 50% market share, and are currently ranked number 5 in the world.”
“We are very excited to acquire our first producing asset, which along with the royalty we earn on Wind Park Burg 1, will generate a steady stream of revenue for Wind Works” comments Dr. Ingo Stuckmann, Wind Works President and CEO. “We plan to continue to grow our revenue base by building out a number of projects currently in our development pipeline in Germany; Ontario, Canada; and The United States.”