Press Release

Wind Works Power Corp. Acquires 100% Interest in Fully Permitted Wind Project in Germany

June 8, 2010

OTTAWA, ONTARIO--(MARKET WIRE)—Tuesday, June 8, 2010 – Wind Works Power Corp. (OTC BB:WWPW.OB - News)(Frankfurt:R5E1.F - News)(WKN: AOKE72) is pleased to announce it has acquired a 100% interest in Wind Park Burg I, a 4 megawatt (MW) fully permitted wind energy project located near Magdeburg, in the eastern part of Germany.

Wind Park Burg I Highlights:

• Fully permitted, construction-ready wind energy project
• Power Purchase Agreement (PPA) via Feed-in Tariff at 9.52 Euro cents for 20 years
• Project financing now in process
• Construction expected to commence late 2010
• 2 Enercon E82 wind turbines will be used.  Enercon is a market leader in Germany with over 50% market share in 2009, and is number 4 in the world
• Site has one of the best wind resources in Germany
• Investment value: 10 Million Euros

 

“This acquisition is our first project in Germany and provides valuable market diversification to complement our 80MW of power contracts in Ontario and our 275MW project pipeline in the United States. Germany is a proven wind market that currently generates in excess of 7% of the country’s electricity.”, comments Dr. Ingo Stuckmann, Wind Works’ President and CEO “Wind Park Burg I is a fully permitted project which we were able to acquire given our 10 year-network of contacts in Germany. We expect to commence construction in late 2010 with the objective of generating revenue in 2011.” 

 

Wind Works is acquiring the project for a total purchase price of 900,000 Euros, payable according to milestones over the next 11 months.