Wind Works Power Corp. Acquires 100% Interest in Wind Park Burg II, Germany
Construction Start Date Set for 2012
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 07/28/11 -- Wind Works Power Corp. (OTCQB: WWPW)(PINKSHEETS: WWPW)(FRANKFURT: R5E1)(WKN: AORPM2) is pleased to announce they have exercised an option to acquire a 100% project based, equity stake in Wind Park Burg II. Wind Park Burg II is a 6 megawatt (MW) wind energy project located near Magdeburg in the eastern part of Germany.
As announced on July 6, 2011, Wind Park Burg I, the 4MW phase I of the total 10MW project, is now fully financed, fully permitted, and scheduled to commence construction this fall.
Wind Park Burg II Highlights:
"With the first phase of this project ready to commence construction this fall, we were eager to acquire Phase 2 with plans for a construction start date in fall 2012", comments Dr. Ingo Stuckmann, Wind Works' President and CEO "We see great opportunity in the German market, and will continue to expand our interests there as part of our global diversification strategy."
Wind Works exercised their exclusive option to acquire a 100% stake in Wind Park Burg II for 1,500,000 Euro, payable according to milestones, in cash or shares at the sole discretion of Wind Works.
About Wind Works (i) Zero Emission People
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 1 day by producing approx. 20,000 kilowatt hours of zero emission energy. For more information, please visit:
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.
Contacts:
Investor Relations
Taylor Capitol, Inc.
Stephen Taylor
(973) 351-3868
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Datum: 28.07.2011 - 14:15 Uhr
Sprache: Deutsch
News-ID 1025644
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