S&P Capital IQ Initiates Coverage on Western Wind Energy Corporation

Western Wind Energy Corp. (TXV:WND; OTCQX:WNDEF) develops wind power and solar energy projects. The company owns three operating wind power facilities in California and Arizona. It is also constructing or developing wind farm and solar power projects in California, Arizona, the Province of Ontario and the Commonwealth of Puerto Rico. As of September 2011, Western Wind owned over 500 wind turbines with 165 MW of rated capacity either in production or in construction in California and Arizona.

The company’s three operating wind plants include the Mesa Wind generating facility near Palm Springs, California that has a 30 MW rated capacity; the Windridge generating facility in Tehachapi, California that has a 4.5 MW rated capacity and the Kingman generating facility in Kingman Arizona that has a 10.5 MW rated capacity. As of September 2011, Western Wind was constructing one additional project, the 120 MW Windstar project in California.
Business Wire –

The company’s Mesa Wind Farm is a 30 MW wind generation facility located in the San Gorgonio Pass near Palm Springs, California. The assets include a right-of-way on 440 acres of land owned by the Bureau of Land Management, a power purchase agreement (PPA) with Southern California Edison (SCE), 460 wind turbines (of which approximately 430 are still operational), a collection system, a substation, roads and a maintenance building. The electricity production over the last nine years has been approximately 60 million kWh per year. Electricity generated from the Mesa Wind Farm for the six months ended June 30, 2011, was 34,500 MWh.

The Windridge Wind Farm consists of 191 acres of land in Tehachapi, California, 43 Windmatic turbines, a substation, a collection system, and a PPA with SCE which expires on December 7, 2014, to deliver the output from 4.5 MW of capacity. Electricity generated from the Windridge Wind Farm for the six months ended June 30, 2011, was 770 MWh.

The Kingman project is a 10.5 MW project fully zoned for wind and solar energy on 1,110 acres owned by the company in Kingman, Arizona.

Standard & Poor’s Factual Stock Report coverage on Western Wind Energy Corporation will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.