Wind Works Power Corp.
OTC Bulletin Board : WWPW
FRANKFURT : R5E1

Wind Works Power Corp.

September 07, 2010 16:05 ET

Wind Works Power Corp. Signs Option to Acquire 50% Interest in 2nd Wind Project in Germany

OTTAWA, ONTARIO--(Marketwire - Sept. 7, 2010) - Wind Works Power Corp. (OTCBB:WWPW)(FRANKFURT:R5E1)(WKN:AORPM2) is pleased to announce it has signed an option agreement to acquire a 50% interest in its 2nd wind project in Germany. Wind Park Burg II is a 6 megawatt (MW) wind energy project located near Magdeburg, Germany.

Wind Park Burg II Highlights:

  • Power Sales via Feed-in Tariff at 9.52 Euro cents for 20 years;
  • Permitting expected to be fully completed and ready for construction by mid 2011;
  • 3 x 2 MW wind turbines are specified for this project;
  • Site has one of the best wind resources in Germany;
  • Investment value once constructed: $ 15 Million Euros.

"This acquisition option is phase 2 of our construction ready Wind Park Burg 4MW project announced earlier, and increases our pipeline in Germany to a total of 10MW in the most mature and proven wind energy market in the world.", comments Dr. Ingo Stuckmann, Wind Works' President and CEO "We expect Wind Park Burg II to be fully permitted and ready for construction by mid-2011, with the objective of generating revenue in late 2011."

Wind Works has the exclusive option to acquire a 50% stake in Wind Park Burg II for a total purchase price of 750,000 Euros, payable according to milestones, in cash or shares at the sole discretion of Wind Works.

About Wind Works * Zero Emission People

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 wind turbine 1 days 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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