Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Wind Works Power Corp.    WWPW

WIND WORKS POWER CORP.

(WWPW)
SummaryQuotesChartsNewsCompany 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Wind Works Power Cor : `s Innovative 3 MW Project Achieves Commercial Operation in Germany

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/06/2016 | 04:05pm EST

Wind Works Power Corp`s Innovative 3 MW Project Achieves Commercial Operation in Germany

July 6, 2016

SCHENECTADY, NEW YORK, UNITED STATES, July 6th, 2016 - Wind Works Power Corp. (OTC:WWPW -News) is pleased to announce that its 3 MW (BAD) windfarm consisting of 1xEnercon E101 3MW wind turbine in Germany with 135m hub height has achieved commercial operation.

Wind Works had signed a turbine supply agreement and made a down-payment to Enercon. Wind Works has financed the project and constructed the project turnkey for investors with an approximate investment value of $6 Million. Wind Work's retains a majority stake ownership in the project.

The innovative project cannot only sell power under a 20 year fixed Feed-In Tariff since nearby businesses would allow for a direct powerline connection, potentially allowing a direct sale of windpower. It is of strategic interest for Wind Works to pursue this novel approach to potentially increase revenues. Given Germany`s current revisions of the electricity market laws, the exact terms are still to be determined.

'With over 30% renewables in the power market today, Germany is adapting its power market laws towards 'flexible market instruments' in order to avoid the costs of a capacity market', comments Dr. Stuckmann, Wind Works President and CEO, 'this project is a start to fully use these new market opportunities early on, before we go to 45% cheap renewables in Germany by 2025, and, 100% by 2050, in compliance with the Paris COP21 world climate treaty.'

About Wind Works * Zero Emission People


Wind Works now operates 13 megawatts (MW) in Germany, in which it has an approx. 50% ownership stake. In addition, Wind Works is developing Feed-in Tariff contracted projects in Ontario with Capstone Infrastructure (an affiliate of Macquarie Infrastructure), plus an additional 10 MW on its own; 77 MW of near-term permitted projects in Germany; and a project pipeline in the United States.

Wind Works is a certified Zero Emission Company. 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 1 day by producing approx. 20,000 kilowatt hours of zero emission energy.

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.

For additional information, please contact: Investor Relations ir@windworkspower.com

Wind Works Power Corp. published this content on 06 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 July 2016 20:05:04 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WIND WORKS POWER CORP.
2019WIND WORKS POWER : signs joint venture in Germany
AQ
2016WIND WORKS POWER COR : `s Innovative 3 MW Project Achieves Commercial Operation ..
PU
2016WIND WORKS POWER COR : `s 6.9MW UND Project Achieves Commercial Operation in Ger..
PU
2016WIND WORKS POWER : signs agreement for its 5 MW Weiler III Wind Farm in Germany
PU
2015WIND WORKS POWER : plans to expand its BURG site by another 9 MW
PU
2015WIND WORKS POWER : builds and sells Elkfarm Phase I in Germany.
PU
More news
Chart WIND WORKS POWER CORP.
Duration : Period :
Wind Works Power Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Managers
NameTitle
Ingo Stuckmann President, Chief Executive Officer & Director
Henrik Woehlk Chief Financial Officer & Director
Erich Bachmeyer Vice President-Development
Sector and Competitors
1st jan.Capitalization (M$)
WIND WORKS POWER CORP.0.00%0
CHINA YANGTZE POWER CO.-1.96%57 634
INNOGY SE0.34%27 676
TENAGA NASIONAL BHD--.--%18 039
BROOKFIELD RENEWABLE PARTNERS L.P.0.00%14 391
MERIDIAN ENERGY LTD--.--%8 857