EFI signs agreement to sell Wassertrudingen wind energy project in Germany

Wind Works invested 100,000 Euros in the wind power project in May 2010, and will receive a total of 190,000 Euros over a 12 months period.

"This wind farm was sold much more quickly than we had anticipated, however we did almost double our investment in a matter of a few months," commented Dr Ingo Stuckmann, CEO and director of Wind Works.

"This sale validates our business strategy of diversifying into the German wind power market, the most proven, mature wind energy market in the world. We will continue to look for opportunities to invest in advanced-stage wind farm projects in Germany where we can add value and then sell our interests in a 12-18 month time period. I have been doing this successfully over the past 10 years in Germany, and am confident we can acquire additional projects that fit this strategy in the near future."