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Bullboard - Stock Discussion Forum Western Wind Energy Corp V.WND

TSXV:WND - Post Discussion

Western Wind Energy Corp > kingman wind turbines to be install april 2011 (FY
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Post by pool1212 on Jan 11, 2011 2:41pm

kingman wind turbines to be install april 2011 (FY




Kingman Wind Turbines To Be Installed April, 2011 (cnw)

Windstar Turbines to be Installed at Rate of 10 MW per week

Toronto Stock Exchange (Venture) Symbol: "WND"

Issued and Outstanding: 55,326,194

VANCOUVER, Jan. 11 /CNW/ - Gamesa, a world-leading player in the design, manufacture and maintenance of wind turbines, has been awarded a contract to supply a total of 10 MW of capacity for the wind farm being developed by Western Wind Energy Corporation. The power from the project will be sold to UniSource Electric Inc.

This is the second contract Gamesa has signed with Western Wind Energy in the last month and its first contract in Arizona, a new foothold for the company in the US wind market.

The farm will be comprised of five G90-2.0 MW wind turbines on 78-meter towers. Gamesa will oversee the wind turbine installation, which is planned for April 2011.

Western Wind Energy Corp. is utilizing funds from the Section 1603 Program to partially fund the construction of this wind farm. This program, created as part of the American Reinvestment and Recovery Act (ARRA) that was enacted in February 2009, provides an optional cash payment for developers in lieu of a 30 percent investment tax credit (ITC) and production tax credit (PTC).

Gamesa has been operating in the US since 2005; it has two manufacturing plants in Pennsylvania employing over 800 people and with production capacity of over 1,000 MW/year.

The US market, which Gamesa has designated as strategic, accounts for 22% of the company's total worldwide wind turbine generator sales. Gamesa expects to steadily increase its presence and sales in the region: it projects 15% average annual growth in sales in the US between 2009 and 2013.

Comment by Blkbartt25 on Jan 11, 2011 9:24pm
I think the even better news is the sub-title re Windstar:  At 10 MV per week starting in April, this is great news for the stock. Kingman Wind Turbines To Be Installed April, 2011 (cnw)Windstar Turbines to be Installed at Rate of 10 MW per week
Comment by babloo on Jan 11, 2011 9:35pm
hmm..must admit I missed that.so that would mean that the Windstar turbines would take 12 weeks?? seems too quick...that would also imply that Kingman will take 1 week??confused...but doesnt matter...i added yesterday
Comment by Blkbartt25 on Jan 12, 2011 7:30am
I checked with WIND as the one liner in the Press Release seemed out of place. They confirmed it was correct.10MW a week starting in April. Great news....