Construction Start Date Set for 2012
Jul. 28, 2011 (Marketwire Canada) — OTTAWA, ONTARIO — Wind Works Power Corp. (OTCQB:WWPW) (PINKSHEETS:WWPW) (FRANKFURT:R5E1) (WKN:AORPM2) is pleased to announce they have exercised an option to acquire a 100% project based, equity stake in Wind Park Burg II. Wind Park Burg II is a 6 megawatt (MW) wind energy project located near Magdeburg in the eastern part of Germany.
As announced on July 6, 2011, Wind Park Burg I, the 4MW phase I of the total 10MW project, is now fully financed, fully permitted, and scheduled to commence construction this fall.
Caroline Valetkevitch, Reuters
Deadlock, durables, dismal earnings hit Wall Street
NEW YORK (Reuters) – Wall Street suffered its worst day in eight weeks on Wednesday, hit by weak earnings, lackluster economic data and no movement in Washington talks as the deadline for a U.S. default looms.
The debt ceiling debate has grabbed much of investors’ attention this week as the August 2 deadline approaches, but it took a back seat for much of the day as the market reacted to earnings disappointments in industrial and technology sectors.
A profit warning from Juniper Networks (NYSE:JNPR) sent its shares down 20.9 percent to $24.66, damaging sentiment in the technology sector, which has been among the strongest this reporting period. The S&P tech index (GSPT) declined 3 percent.
A late statement from White House that the government would be “running on fumes” if the debt ceiling isn’t increased by the deadline added to selling.
Yesterday’s Top Performing Small Cap Stock:
Wind Works Power Corp. (OTCBB: WWPW )
Wind Works Power Corp. was a SmallCapVoice.com top performer closing up over 5% on trading volume of 94,826 shares.
Financing to Provide Full Development of Ontario Projects and Additional Residual Revenue Stream
OTTAWA, ONTARIO — (Marketwire) — 07/20/11 — Wind Works Power Corp. (OTCQB:WWPW) (FRANKFURT:R5E1 )(WKN:A0RPM2) (PINKSHEETS:WWPW) is pleased to announce an update to the press release dated July 18, 2011. Management is now reporting the most recent financing of $15 million is and will remain as non-dilutive. The investor may, at its sole option, elect to convert all or part of their investment into project based equity in any of the projects that were funded using this financing facility. This project based equity is not and will not be part of any public stock transaction.
Financing to Provide Full Development of Ontario Projects and Additional Residual Revenue Stream
OTTAWA, ONTARIO — (Marketwire) — 07/18/11 — Wind Works Power Corp. (OTCQB:WWPW)(PINK SHEETS:WWPW)(FRANKFURT:R5E1)(WKN:A0RPM2) is pleased to announce it has signed an Agreement with a corporate investor to provide $15 million in financing for development costs of Wind Works’ current project pipeline in Ontario, Canada. The financing is non-dilutive at the public company level.
The financing will be used to fund the development costs of Wind Works’ existing projects in Ontario plus new projects that may be acquired during the term of the financing. Existing projects in Ontario include the 7 projects totaling 80MW that have been awarded FIT contracts represented by Settlers Landing, Snowy Ridge, Grey Highlands, Cloudy Ridge, Clean Breeze, Ganaraska, and Whispering Woods, plus the newly-acquired 5MW project announced June 14th.
Francesca Levy, AP Business Writer
Stocks jump as Bernanke opens door to new stimulus
Stocks jump as Bernanke says Fed is prepared to take more action to stimulate economy
NEW YORK (AP) — Stocks jumped Wednesday as Federal Reserve chairman Ben Bernanke opened the door to more action to stimulate the economy.
In testimony before congress, Bernanke said the Fed would consider several options to get the economy going again. The Fed could start a third bond-buying program to keep interest rates low. It could also cut the interest rates for banks to encourage lending. The Fed would only act if weakness in the U.S. economy persists.
The Standard & Poor’s 500 rose 14, or 1.1 percent, to 1,328 in morning trading. The Dow Jones industrial average rose 139 points, or 1.1 percent, to 12,586. The Nasdaq composite rose 30, or 1.1 percent, to 2,812.
Stocks started the day higher after China reported strong economic growth in the second quarter.
Yesterday’s Top Performing Small Cap Stock:
Wind Works Power Corp. (OTCQB: WWPW )
Wind Works Power Corp. was a SmallCapVoice.com top performer closing up over 12% on trading volume of 852,397 shares.
Podcast: Download (Duration: 14:14 — 13.0MB) | Embed
Greg Wilson, Founder of Wind Works Power Corp., called into SmallCapVoice.com to explain that at Wind Works Power Corp (OTCBB: WWPW), our mission is to provide the opportunity for people to participate in the development of renewable wind energy projects. We believe in making sound, environmentally conscious investments that are good for our shareholders and our planet. To eliminate one person’s carbon footprint of 10 tons each year (for Germany), it only takes a modern windmill 1 day by producing approx. 20,000 kilowatt hours of zero emission energy. For more information, please visit: www.windworkspower.com