Wind Works Power Corp. Enters Permitting Process for 150MW Project in North Dakota
13 Septiembre 2011 - 11:28AM
Marketwired
Wind Works Power Corp. (OTCQB: WWPW)(PINKSHEETS: WWPW)(FRANKFURT:
R5E1)(WKN: AORPM2)is pleased to announce they have submitted a
letter of intent with the North Dakota PSC to enter the permitting
process for Thunder Spirit, a 150 megawatt (MW) wind energy project
located in North Dakota.
Thunder Spirit recently emerged from a 5-year Midwest ISO (MISO)
study process of 7,800 MW of North Dakota-Montana interconnection
applications as the winning project with its unique attributes of
both having almost no electric transmission system upgrade
requirements and being located in one of the highest wind energy
resource areas in MISO.
This combination results in uniquely superior economic
attributes of the Thunder Spirit wind farm project, which has the
ability to supply green, renewable energy at the lowest cost to
utilities and their ratepayers.
"With our recently announced $20 million financing for Thunder
Spirit, we are eager to continue our ongoing discussions regarding
a Power Purchase Agreement and permitting in order to get the
project construction ready within the next few months," commented
Dr. Ingo Stuckmann, Wind Works' President and CEO. "Based on my
experience developing the 180 MW Tatanka wind farm in North Dakota
that became operational in 2008, we expect to start construction in
2012."
Thunder Spirit can connect into the Midwest ISO power market,
subject to completion of an Interconnection Agreement.
Project Highlights:
-- Wind resource in North Dakota is one of the highest resource in the
Midwest ISO power market, which includes States such as North Dakota,
Minnesota, Wisconsin, Iowa, and Illinois;
-- Project qualified and entered the Definitive Planning Phase with the
grid operator Midwest ISO in March 2010;
-- Midwest ISO Queue position G752 for 150 MW;
-- Power Purchase Agreement discussions ongoing;
-- Construction costs are estimated at $300 Million.
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: www.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: Wind Works Power Corp. Greg Wilson (613) 226-1983
www.windworkspower.com
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