Pressemitteilungen

Wind Works Power Corp. sichert eine Option zum Erwerb von 100% der Anteile an einem ungarischen 50MW Windenergieprojekt.

11. November 2009

 

OTTAWA, ONTARIO--(MARKET WIRE)—November 11, 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 Ecsed, a 50 megawatt wind energy project located in Hungary. In consideration for the 100% interest, Wind Works will make an initial cash payment of $125,000 on January 15, 2010 and a further cash payment of $375,000 on March 15, 2010. 

“Ecsed is now our second wind energy project in Europe following the announcement on Monday that we signed an option to acquire a 100% interest in Honelles, a 10 megawatt wind energy project located in Belgium” commented Dr. Ingo Stuckmann, CEO and director of Wind Works.” Ecsed is an advanced stage project that adds significant value to our project portfolio. We will spend over $2 million in development costs over the next three years and create an investment opportunity valued in excess of $150 million, offering significant leverage to our development dollars.”
Project Highlight:

The Ecsed Wind Park is a 50 MW project that has been in development for more than two years. It is located in the vicinity of Ecsed, Hungary. Annual mean wind speeds are over 7 meters per second at a 100 m hub height. Transmission availability has been confirmed and land acquisition is complete. The project is eligible to participate in a RFP process in the summer of 2010. Permitting is expected to be completed in mid-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