(via Thenewswire.ca)
SCHENECTADY, NEW YORK, UNITED STATES / TheNewswire / August 6th, 2015Wind Works Power Corp. (OTC: WWPW -News) is pleased to announce that it has acquired a 4.8MW construction ready project in Germany. Wind Works purchased the fully permitted and construction ready project from a private developer, the project has a total capacity of 4.8MW consisting of 2 Nordex N117 wind turbines. Wind Works has secured non-recourse financing for the project and has made a down-payment to Nordex for the turbines. The total investment is approximately USD $10 Million with start of construction anticipated later this year.
"We are adding J-Farm to our portfolio with the intention to build, co-own and operate a 100MW portfolio in Germany", comments Dr. Ingo Stuckmann, Wind Works' President and CEO.
About Wind Works * Zero Emission People
Wind Works now operates 4.6 megawatts (MW) in Germany, in which it has a 49% ownership stake, expected to increase to 12 MW by year end. In addition, Wind Works is developing 50 MW of Feed-in Tariff contracted projects in Ontario with Capstone Infrastructure (an affiliate of Macquarie Infrastructure), plus an additional 10 MW on its own; 50 MW of near-term permitted projects in Germany; and a project pipeline in the United States.
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 2 days by producing approx. 20,000 kilowatt hours of clean and zero emission energy.
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.
For additional information, please contact: Investor Relations ir@windworkspower.com
Copyright (c) 2015 TheNewswire - All rights reserved.