in News Departments > Projects & Contracts
print the content item

Wind Works Power Corp. says it has completed a 4 MW, $12 million wind energy project located in Germany.

The project, called Wind Park Burg I, was delivered to private investors on Sept. 18 and has officially commenced commercial operation.

In January, Wind Works announced the sale of Burg I for a turnkey sales price of $12 million, payable according to milestones. In addition, Wind Works will earn a 1% royalty on gross revenues of the wind farm, with the potential to increase the royalty to 2% based on actual performance targets, the company explains.

"After building and delivering a turnkey transmission facility last month - including a 110 kV, high-voltage substation - we are pleased to have successfully completed the turnkey construction of our first wind farm in Germany,” says Dr. Ingo Stuckmann, the company’s president and CEO.



Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Hybrid Energy Innovations 2015
Renewable NRG_id1934
BG 2015DblBox_id2032