OTTAWA, ONTARIO--(Marketwire -08/25/11)- Wind Works Power Corp. (OTCQB: WWPW.OB - News)(PINK SHEETS: WWPW)(Frankfurt: R5E1.F - News)(WKN: A0RPM2) is pleased to announce they have signed definitive agreements with REpower Systems SE (Frankfurt: RPW.F - News) 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.
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