As announced on July 6, 2011, Wind Farm Burg I, the 4MW phase I of the total 10 MW project, is now fully financed, fully permitted, and scheduled to commence construction this fall.
Wind Farm Burg II Highlights:
Power Sales via Feed-in Tariff at 9.52 Euro cents for 20 years
Permitting expected to be fully completed by mid-2012, with a construction start-date in the fall 2012
3 x 2 MW wind turbines are specified for the project
Site has one of the best wind resources in Germany
Investment value once constructed (subject to raising debt and equity financing): $15 Million Euro.
“With the first phase of this wind power project ready to commence construction this fall, we were eager to acquire Phase 2 with plans for a construction start date in fall 2012″, comments Dr. Ingo Stuckmann, Wind Works’ President and CEO “We see great opportunity in the German market, and will continue to expand our interests there as part of our global diversification strategy.”
Wind Works exercised their exclusive option to acquire a 100% stake in Wind Farm Burg II for 1,500,000 Euro, payable according to milestones, in cash or shares at the sole discretion of Wind Works.
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.