Press Release
Wind Works Power Corp Enters into JV Agreements and Starts Construction of Two US Projects.
December 31, 2014
SCHENECTADY, NEW YORK, UNITED STATES, December 31, 2014 Wind Works Power Corp. (OTC:WWPW -News) is pleased to announce to have entered into Joint-Venture Agreements and to have started construction of two US wind projects. The projects are a 250 MW project, BigB in Illinois, which will connect to the PJM system operator, and 150MW, phase I, of a project on Buffalo Ridge connecting into the MISO system operator. Our dedicated construction crews worked hard to start the initial work before yearend. Both projects are expected to be eligible for the recently renewed production tax credit (PTC).
"Wind Works Power Corp is excited to have entered into JV Agreements for the two projects" remarked Laurence Greene, Chief Development Officer of Wind Works Power Corp.
"After the successful development and sale of the Thunder Spirit Wind project in North Dakota, we target to develop additional projects in the United States. We are pleased to have started construction and the interconnection with the system operator" 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.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 20 tons each year (for the US), it only takes a modern windmill 2 days by producing approx. 40,000 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