Germany: Wind Works Power Corp signs agreement to co-own and operate its 6.6MW Weiler II Project

The Swiss fund is taking a majority stake with Wind Works having a minority stake option, subject to funding its portion of the equity. The project consists of 2x Vestas V126 wind turbines located in Germany.

Wind Works had acquired the fully permitted project last year and since then ordered turbines, made the down payment to Vestas, and closed non-recourse project financing with a lender. Wind Works` construction arm will deliver the project turnkey to the joint venture with a commercial operation date expected for summer 2016 and an approximate investment value of $13.5 Million once built.

?We are pleased with our transition from a developer to a co-owner and operator of wind farms in Germany.? comments Dr. Ingo Stuckmann, Wind Works' President and CEO.

About Wind Works * Zero Emission People

Wind Works now operates 4.6 megawatts (MW) in Germany, in which it has a 49% ownership stake, expected to double to 9.2 MW by the end of the year. In addition, Wind Works is developing 50 MW of Feed-in Tariff contracted projects in Ontario with Capstone Infrastructures (an affiliate of Macquarie Infrastructures), plus an additional 10 MW on its own; 77 MW of late stage projects in Germany; and a project pipeline in the United States.

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 2 days by producing approx. 20,000 kilowatt hours of clean and zero emission energy.