Wind Works Power Corp. Announces Signing of Agreement to Acquire Zero Emission People LLC.

Most of the wind power currently generated in Canada, and around the world, is generated by wind turbines arranged in large-scale ‘wind farms’ covering many acres of land with strong wind resources. These large scale projects can generate hundreds of megawatts (MW) of renewable power without generating greenhouse gasses, airborne or waterborne pollutants or radioactive waste.

On October 19, 2009, Wind Works acquired a 70% equity ownership in Skyway 126 Wind Energy Inc., an Ontario corporation, in consideration for the issuance of 2 million shares of the Company’s common stock. Skyway is the registered and beneficial owner of an existing 10 Megawatt wind energy project under development in Clearview Township in the Province of Ontario, Canada.


With the issuance of the 2 million shares, there are currently 26,763,345 shares of common stock issued and outstanding.

Wind Works Power Corp - Home

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“The only interesting answers are those which destroy the questions.”

Could be Nice UPDATE 1-Canada's wind power company to acquire US developer | Markets | Markets News | Reuters

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“The only interesting answers are those which destroy the questions.”

With The Recent News should make a very Nice semi long play( maybe 2 weeks) and IMO will begin to Move Tomorrow

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“The only interesting answers are those which destroy the questions.”

A look at the daily chart of WWPW shows that the stock is expected to move higher. Volume is good and the Point & Figure chart shows the price objective of $1.31.

Anything alternative energy is hot and will be hot as oil is expected to continue its bull run.

I'm taking a long position on this stock.

Happy trading and see you in the chat room.

DDD

Moving nicely so far with resistance at 1.10 and 1.17 ranges ahead. If we can break those then possible 1.20. Support at .90 and .80 below

Good luck to all

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All my posts are purely my opinion. Please use your own buy and sell signals and never invest in a stock you can not afford to lose money on. For a complete disclaimer click here

Wind Works Power Corp. Submits Application for Power Contract Under the New Feed-In Tariff Program in Ontario

Market Wire ***"US Press Releases "

OTTAWA -- (MARKET WIRE) -- 11/19/09 -- Wind Works Power Corp. (OTCBB: WWPW) (FRANKFURT: R5E1) (WKN: AOKE72) is pleased to announce that it is submitting an application for its 10 megawatt (MW) Clean Breeze wind energy project for a power contract under the new Feed-in Tariff program as part of the Ontario Power Authority initial launch period.

"We are excited to be submitting our first application for a power contract under the new Feed-in Tariff program in Ontario . We expect to submit a number of additional applications for other projects in our portfolio over the coming days as we approach the November 30th deadline," commented Dr. Ingo Stuckmann , CEO and director of Wind Works. "The granting of a power contract is a big milestone as it provides economic certainty and significantly increases the value and marketability of a project."

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 is November 30, 2009 . This first launch period is designed for projects that were being developed under the Renewable Energy retired Renewable Energy Standard Offer Program (RESOP program) 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 OPA - Ontario Power Authority

Clean Breeze is 10MW project located in Ontario, Canada in the Northumberland Hills. This project has been under development for over 3 years and is only 5kms from the north shore of Lake Ontario in an area of high elevation that can optimize the wind resources to a maximum. Annual mean wind speeds are measured at over 6.7 meters per second at an 80 m hub height.

About Wind Works

Wind Works' mission is to become a leading developer of wind energy projects in North America and Europe . For more information, please visit: Wind Works Power Corp - Home

About Zero Emission People

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.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the company's control, inability to successfully conclude negotiations currently in progress, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission .

For full company profile CLICK HERE

WWPW is trending back up after a nice early run and a mid morning pull back. Resistance at 1.10 1.17 and 1.30 ahead.

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All my posts are purely my opinion. Please use your own buy and sell signals and never invest in a stock you can not afford to lose money on. For a complete disclaimer click here