Schenectady, NY - January 21, 2013 - Wind Works Power Corp. (OTC:WWPW - News), is pleased to announce the acquisition of Elkfarm, a 15 megawatt (MW) wind energy project located west of Frankfurt, Germany.
Elkfarm is a two-phase project totaling 15 MW. Phase one is 6 MW and is fully permitted with construction slated to commence in Spring 2014. Financing of the project is now underway, with anticipated turnkey construction costs of approximately $12 Million.
Phase two is expected to receive final permits in 2015, with start of construction expected in the second half of 2015.
Wind Works acquired the Elkfarm project from a private developer, with a payment schedule based on milestones.
About Wind Works / Zero Emission People
Wind Works now operates 4.6 megawatts (MW) in Germany, in which it has a 49% ownership stake. In addition, Wind Works is developing its permitted and contracted 105 MW Thunder Spirit project in North Dakota, 50 MW of Feed-in Tariff contracted projects in Ontario with Capstone Infrastructure (an affiliate of Macquarie Infrastructure), plus an additional 20 MW on its own; 77 MW of near-term permitted projects in Germany; and a 320 MW project pipeline in the United States.
Our mission is to provide the opportunity for all 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: 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.
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