Der Windkraftzock startet ! A0RPM2

Wind Works Power Corp. Closes Sale of 107.5 Megawatt Thunder Spirit Project in North Dakota
November 25, 2014

Schenectady, NY - November, 2014 – Wind Works Power Corp. (OTC:WWPW - News), is pleased to announce that it has closed the sale of its 100% owned, 107.5 megawatt (MW) Thunder Spirit Wind project, located in Hettinger, North Dakota.
Wind Works, which purchased the project outright from its initial developer Global Winds Harvest in 2011, secured all required project permits, executed a turbine supply agreement with Nordex, and began construction in 2013. Wind Works finalized interconnection rights and remaining regulatory matters in 2014. Thunder Spirit was sold to ACE Wind LLC., a subsidiary of ALLETE Clean Energy on November 20, 2014. The transaction value is approximately $27 million. The project will use 43 Nordex N100 2.5MW turbines for a total 107.5MW with an estimated total investment of approx.. $200 Million once constructed. The project has a signed, 20-year Power Purchase Agreement with MDU, and may be expanded to 150MW.
“We are pleased to work with Wind Works Power Corporation to secure one of the best wind sites in North Dakota,” said Eric Norberg, President of ALLETE Clean Energy.
Wind Park Burg 3 will interconnect at the substation that Wind Works built turnkey in 2012, owns a 25% equity stake in, and continues to manage.
The transaction includes repayment of the bridge loan Wind Works had obtained for the project on December 20, 2013, in the amount of approximately $20 million plus interest and fees.