Wind Works Power Corp. Signs Agreement with REpower Systems to Supply 25 Turbines for Canadian Wind Projects
25 Agosto 2011 - 8:00AM
Marketwired
Wind Works Power Corp. (OTCQB: WWPW)(PINK SHEETS: WWPW)(FRANKFURT:
R5E1)(WKN: A0RPM2) is pleased to announce they have signed
definitive agreements with REpower Systems SE (FRANKFURT: RPW) for
the delivery and installation of 25 MM92 type turbines specially
designed for cold climates. The turbines are destined for five wind
farms in Ontario, Canada, including Settlers Landing, Snowy Ridge,
Grey Highlands, Cloudy Ridge, and Clean Breeze, for a total
capacity of 50 megawatts (MW) of installed power. Construction and
maintenance of the wind farms will not only provide clean energy
but also create jobs on-site.
Andreas Nauen, CEO of REpower Systems SE commented: "We are
pleased that we have been able to conclude contracts with Wind
Works for a total of eight wind farms in Ontario. The Cold Climate
version of the REpower MM92, specifically equipped for use in
locations with damp weather conditions and major temperature
fluctuations, is very well received by the Canadian market."
"These additional projects show the excellent quality of
cooperation between Wind Works and REpower. We are very pleased to
be contributing to local job creation and content development in
this way", says Helmut Herold, Managing Director of REpower Systems
Inc.
"REpower and its parent company are the third largest turbine
manufacturer in the world and we are very pleased to be working
with them once again," commented Dr. Ingo Stuckmann, Wind Works'
President and CEO. "I was involved in ordering seventeen of these
same turbines in 2007 and they are performing with over 98%
technical availability. They are a proven and clean
technology."
With a nominal output of 2 MW each and a hub height of 100
meters, the turbines
are scheduled to be delivered in the spring of 2013 and put into
operation in the summer of the same year. Just one month ago,
REpower announced plans to deliver 15 turbines for projects run by
Wind Works in Ontario.
According to the Canadian Wind Energy Association, each 100
megawatts of new capacity creates 300,000 dollars in annual lease
payments for rural landowners as well as 3.5 million dollars in
annual operation and maintenance opportunities. The same capacity
will also generate 300,000 dollars in tax revenue for
municipalities and create about 33 full-time jobs, many in rural
areas. All five wind farms have been awarded a feed-in tariff power
purchase contract by the Ontario Power Authority. The feed-in
tariff program was enabled by the Green Energy and Green Economy
Act 2009, which passed into law in May of 2009 and guarantees a
certain pricing structure for green energy supply. Installation and
commissioning of the wind farms is planned for summer 2013.
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 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. For more information,
please visit: ww.windworkspower.com.
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: Greg Wilson (613) 226-1983
Wind Works Power (CE) (USOTC:WWPW)
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