(via Thenewswire.ca)
SCHENECTADY, NEW YORK, UNITED STATES / TheNewswire / June 14th, 2016 – Wind Works Power Corp. (OTC:WWPW -News) is pleased to announce that it has closed an agreement for its 6.9MW
(UND) windfarm consisting of 3xEnercon E92 2.3MW wind turbines in Germany with an Institutional Fund based in Zurich.
Wind Works had acquired the fully permitted project late 2015 and has since then ordered
turbines, made the down-payment to Enercon and signed an agreement for non-recourse project financing with GLS-Bank (www.gls.de) in
Germany. “We are happy to continue to finance wind farms in Germany”, says Matthias Weiler of GLS. “They fit our environmentally
friendly-only business model”.
Construction has commenced and Wind Works will deliver the project turn-key with an
approximate investment value of $13 Million. The in-service date is expected for summer 2016.
“We are pleased to have closed one more transaction to build up an operating
portfolio with our institutional partners.” 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. 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; 77 MW of near-term permitted projects in Germany;
and a project pipeline in the United States.
Wind Works is a certified Zero Emission Company. 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.
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
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