Press Release
Wind Works Power Corp Acquired 6.6MW Weiler II Project in Germany and orders Vestas Wind turbines
November 5, 2015
SCHENECTADY, NEW YORK, UNITED STATES, November 5th, 2015 Wind Works Power Corp. (OTC:WWPW -News) is pleased to announce that it has acquired Weiler II, a 6.6MW project located in Germany consisting of 2x Vestas V126 wind turbines. The project is fully permitted and its investment value is approx. $13 Million once completed.
Wind Works has ordered the turbines and made the down payment to Vestas, and non-recourse project financing has been approved by the lender. The anticipated commercial in-service date is expected in summer 2016.
We are looking forward to build this wind farm, which is one more piece towards our goal to co-own and operate 100 MW in Germany, comments Dr. Ingo Stuckmann, CEO of Wind Works.
About Wind Works * Zero Emission People
Wind Works now operates 4.6 megawatts (MW) in Germany, in which it has a 49% ownership stake, expected to double to 9.2 MW by the end of the year. In addition, Wind Works is developing 50 MW of Feed-in Tariff contracted projects in Ontario with Capstone Infrastructures (an affiliate of Macquarie Infrastructures), plus an additional 10 MW on its own; 77 MW of late stage 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 10 tons each year (for Germany), it only takes a modern windmill 2 days by producing approx. 20,000 kilowatt hours of clean and 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