Press Release

Wind Works Power Corp. Signs Option to Acquire 50% Interest in 2nd Wind Project in Germany

September 7, 2010

OTTAWA, ONTARIO--(MARKET WIRE)—Tuesday, September 7, 2010 – Wind Works Power Corp. (OTC BB:WWPW.OB - News)(Frankfurt:R5E1.F - News)(WKN: AOKE72) is pleased to announce it has signed an option agreement to acquire a 50% interest in its 2nd wind project in Germany. Wind Park Burg II is a 6 megawatt (MW) wind energy project located near Magdeburg, Germany.

Wind Park Burg II Highlights:

• Power Sales via Feed-in Tariff at 9.52 Euro cents for 20 years
• Permitting expected to be fully completed and ready for construction by mid 2011
• 3 x 2 MW wind turbines are specified for this project
• Site has one of the best wind resources in Germany
• Investment value once constructed: $ 15 Million Euros.

 

“This acquisition option is phase 2 of our construction ready Wind Park Burg 4MW project announced earlier, and increases our pipeline in Germany to a total of 10MW in the most mature and proven wind energy market in the world.”, comments Dr. Ingo Stuckmann, Wind Works’ President and CEO “We expect Wind Park Burg II to be fully permitted and ready for construction by mid-2011, with the objective of generating revenue in late 2011.” 

 

Wind Works has the exclusive option to acquire a 50% stake in Wind Park Burg II for a total purchase price of 750,000 Euros, payable according to milestones, in cash or shares at the sole discretion of Wind Works.