Greenwind Power Corp. USA

Greenwind Power Corp. USA

September 12, 2005 09:30 ET

Greenwind Obtains Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 12, 2005) - Greenwind Power Corp. USA (PINK SHEETS:GWDP) and its Canadian partner, Greenwind Power Corp., are pleased to announce they have entered into a funding agreement with Asset Logics WindDynamics Inc. ("ALWD") of Vancouver, BC, whereby up to US$775,000 will be made available for the development of wind energy projects in South West Alberta. Further to the current financing, ALWD has agreed to use its best efforts to secure additional funding of up to US$40,000,000 for the development and construction of wind energy projects in which Greenwind has substantial interests.

ALWD is a Canadian alternative energy financing specialist providing equity and debt solutions for innovative alternative energy project developers. "By investing in these projects, we are working to meet a growing electricity demand with environmentally responsible technology," said Rick Blumberg, President of ALWD.

"The long term objective is to position the Company as a strong business leader in the renewable energy sector," stated Glenn Collick, President of Greenwind. The Company is currently involved in the development of seven wind energy projects in excess of 600 megawatts of potential wind energy production. The Company has secured long-term leases on all projects which are at various development stages from wind monitoring to full approvals from the Electric Utilities Board of Alberta (EUB).

Glenn Collick, President

No stock exchange has approved or disaaproved the information contained herein.

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