OTTAWA, ONTARIO--(MARKET WIRE)—November 11, 2009 – Wind Works Power Corp. (OTC BB:WWPW.OB - News)(Frankfurt:R5E1.F - News)(WKN: AOKE72) is pleased to announce that they have signed an option agreement to acquire a 100% interest in Ecsed, a 50 megawatt wind energy project located in Hungary. In consideration for the 100% interest, Wind Works will make an initial cash payment of $125,000 on January 15, 2010 and a further cash payment of $375,000 on March 15, 2010.
The Ecsed Wind Park is a 50 MW project that has been in development for more than two years. It is located in the vicinity of Ecsed, Hungary. Annual mean wind speeds are over 7 meters per second at a 100 m hub height. Transmission availability has been confirmed and land acquisition is complete. The project is eligible to participate in a RFP process in the summer of 2010. Permitting is expected to be completed in mid-2011.
The vision of Zero Emission People is to provide the opportunity for anyone to invest early in the development of renewable wind energy projects. As an example, as little as a $10,000 investment in a wind park blows away a person’s carbon footprint. We believe in making sound, environmentally conscious investments that are good for all shareholders, people and our planet.