Energy Manager

Features Utilities
Wind Works Power Corp. acquires interest in six new wind energy projects in Ontario

OTTAWA — Wind Works Power Corp. announced on December 14th it has acquired a 50% interest in six wind energy projects totaling 80 megawatts (MW) located in Ontario, with an option to increase its interests to 100%. All six projects submitted power contract applications on November 30th under the new Feed-in Tariff program as part of the Ontario Power Authority initial launch period.

"With these six new projects, we now have a total of 15 wind energy projects in Ontario totaling 190 MW," commented Dr. Ingo Stuckmann, CEO and director of Wind Works. "All 15 projects submitted power contract applications to the OPA, which offers the highest power rate in North America. Power contracts in Ontario will be awarded in the January to March 2010 time frame, and we are now targeting to commence construction on a minimum of 70MW in Ontario in 2011."

In consideration for the 50% interest in the six wind projects, Wind Works will make a one-time cash payment of $300,000 on April 30, 2010, and issue 1,200,000 restricted common shares.

Power contract applications have now been submitted for the following Ontario projects:

1. Ganaraska Wind Park: 50% interest (option to increase to 100%) in a 20 MW project north of Oshawa

2. Stonetown Wind Park: 50% interest (option to increase to 100%) in a 10 MW project near St. Mary

3. Pioneer Wind Park: 50% interest (option to increase to 100%) in a 10 MW project near St. Thomas

4. Field Breezes Wind Park: 50% interest (option to increase to 100%) in a 10 MW project east of London

5. Northern Lights Wind Park: 50% interest (option to increase to 100%) in a 10 MW project near Markdale

6. Lakeside Breezes: 50% interest (option to increase to 100%) in a 20 MW project south of London

7. Grey Highlands Wind Park: 100% interest in a 10 MW project 25kms south of Georgian Bay, Ontario, Canada;

8. Snowy Ridge Wind Park: 100% interest in a 10 MW project in the vicinity west of the village of Bethany, Ontario, Canada;

9. Settlers Landing Wind Park: 50% interest (option to increase to 100%) in a 10MW project located near Pontypool, Ontario, Canada;

10. Skyway 126 Wind Park: 70% interest in a 10 MW project located in Grey-Highlands Township, Ontario, Canada on the north east side of the Garafraxa Plateau, the highest land mass in Ontario;

11. Polar Bear Wind Park: 50% interest (option to increase to 100%) in a 20MW project located in Ontario, Canada;

12. Pleasant Bay Wind Park: 50% interest (option to increase to 100%) in a 20MW project located in an area just north of the shores of Lake Ontario that has one of the best wind regimes in Ontario;

13. Zorra Wind Park: 50% interest (option to increase to 100%) in a 10MW project located northwest of Woodstock, Ontario, Canada;

14. Whispering Woods Wind Park: 50% interest (option to increase to 100%) in a 10MW project located near Millbrook, Ontario, Canada; and

15. Clean Breeze Wind Park: 50% interest (option to increase to 100%) in a 10MW project located in Ontario, Canada.

The Feed-in Tariff (FIT) contract program is part of the new Green Energy Act in Ontario and offers a power contract with a guaranteed rate of C$135.00/MWh over a 20-year term to qualified wind energy projects. The Ontario Power Authority (OPA) initial launch period deadline for FIT applications was November 30, 2009. This first launch period is designed for projects that were being developed under the Renewable Energy Standard Offer Program (RESOP) and are therefore further advanced. Criteria of earlier commercial operation dates is one such factor in obtaining priority access to transmission availability. To be awarded a Power Purchase Agreement (PPA) under the FIT rules, the application has to be submitted in accordance with strict regulations which can be accessed in details via the OPA website at www.powerauthority.on.ca/

For more information about Wind Works visit www.windworkspower.com