Press Release
Wind Works Receives Positive Results For It's New US Gigawatt Project Pipeline
February 18, 2021
SCHENECTADY, NEW YORK, UNITED STATES, February 18th, 2021. Wind Works Power Corp. (OTC:WWPW -News) is pleased to announce that it received positive grid connection results for it's new US Gigawatt project pipeline. Wind Works received the results for 10 projects for a total of about 2 Gigawatts (2,000 Megawatt) wind and solar projects.
Wind Works had obtained $ 2 Million initial funding for 5 of the projects last year in April with a 1 year term until mid-April 2021. Wind Works is partnered with a larger developer for the other 5 projects.
To continue the grid connection process, the projects now require a total of $50 Million in interconnection deposits by mid-April.
Wind Works started assembling this pipeline in 2019, and was able to raise initial funding of $2 Million last year. "The results confirm our strategic thinking. We now have the opportunity to develop a unique Gigawatt-pipeline, subject to funding." says Wind Works CEO Dr. Ingo Stuckmann.
About Wind Works * Zero Emission People
Wind Works has a JV with a utility partner in Germany, developing an approx. 50 MW pipeline of wind farm projects. Wind Works also has a JV partner in Germany to develop a solar pipeline of about 100 MW. In the US, Wind Works is developing a 2 Gigawatt (GW) pipeline, half of it with a JV partner.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 15 tons each year (for the US), it only takes a modern windmill 1 day by producing approx. 30,000 kilowatt hours (kWh) 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