Pressemitteilungen

Wind Works Power Corp. sichert eine Option zum Erwerb von 100% der Anteile an einem belgischen Windenergieprojekt.

9. November 2009

 

Monday, November 9, 2009 
OTTAWA, ONTARIO--(MARKET WIRE)—November 9, 2009 – Wind Works Power Corp. (OTC BB:WWPW.OB - News)(Frankfurt:R5E1.F - News)(WKN: AOKE72) is pleased to announce that they have signed an option agreement to acquire a 100% interest in Honelles, a 10 megawatt wind energy project located in Belgium. In consideration for the 100% interest, Wind Works will make an initial cash payment of $100,000 on January 15, 2010 and a further cash payment of $375,000 on March 15, 2010. 

“I have led a team that has successfully developed over 1,500 megawatts of wind energy projects all over the world and one of the most attractive countries for the development of wind parks is Belgium. With the Honelles project, we will invest $1.1 million over the next two years and create an investment opportunity of $25 million, offering attractive leverage to our development dollars.” commented Dr. Ingo Stuckmann, CEO and director of Wind Works. “The European market for wind is mature, secure and presents great diversification for our current project portfolio. We will continue to add advanced projects in proven European markets.”
Project Highlight:

The Honelles Wind Park is a 10 MW Project, in development for more than two years. It is located in the vicinity of Honelles, Belgium. The area is zoned for wind energy usage. Annual mean wind speeds are over 6.5 meters per second at a 100 m hub height. Transmission availability has been confirmed and land acquisition is complete. Power will be sold via a Feed-in Tariff system and permitting is expected to be completed in early 2011. 

About Wind Works
Wind Works’ mission is to become a leading developer of wind energy projects in North America. For more information, please visit: www.windworkspower.com

About Zero Emission People
The vision of Zero Emission People is to provide the opportunity for anyone to invest early in the development of renewable wind energy projects. As an example, as little as a $10,000 investment in a wind park blows away a person’s carbon footprint. We believe in making sound, environmentally conscious investments that are good for all shareholders, people and our planet.

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:
     Wind Works Power Corp.
     Investor Relations
     1-877-301-9748
     http://www.windworkspower.com
     
Source: Wind Works Power Corp.