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

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

UEA_id1896
Acciona_id1907
WomenofWind_id
JLG_id1900
bonfiglioli_id1913
AWEA_id1886