Western Wind Energy's 120-MW Windstar wind project in Tehachapi, California, now 80% complete; company will apply for up to US$108M in federal cash grants for both Windstar, 10.5-MW Kingman project in Arizona
VANCOUVER, British Columbia
September 21, 2011
– Western Wind Energy Corp. - (Toronto Venture Exchange - "WND") (OTCQX - "WNDEF"), is pleased to announce that 80% of our flagship 100% owned Windstar Project is now complete. 70% of all the Nacelles have been installed on top of the towers, 75% of the rotors are either built or installed and the two main sub-stations are virtually complete. The interconnecting utility has advised energization before November 11th, 2011 and as early as October 14th, 2011. After energization, commissioning will begin on the first 106 MW and the remaining 14 MW will be delivered in early December, with installation before Christmas. Revenue service on the 106 MW should begin shortly after energization and the completed 120 MW Project by year-end.
Western Wind will be applying to the US Treasury for up to $108 million in tax-free cash grants for both Kingman and Windstar. The Kingman application of almost $10 million will be filed very shortly, and the $98 million Windstar application within several days of the Windstar completion. The regulations call for the cash grant to be paid within 60 days.
About Western Wind Energy Corp.
Western Wind Energy Corp. (OTCQX: WNDEF; TSX.V: WND) trades in the United States on the OTCQX under the symbol "WNDEF" and the Toronto Venture Exchange under "WND". Western Wind is a vertically integrated renewable energy production company that currently owns over 500 wind turbines and solar fields with 165 MW of rated capacity either in production or in construction in the States of California and Arizona. Western Wind further owns substantial additional development assets for both solar and wind energy in California, Arizona, and Ontario, Canada; and in the Commonwealth of Puerto Rico.
Western Wind is in the business of owning and acquiring land sites and technology for the production of electricity from wind and solar energy. Management of Western Wind includes individuals involved in the operations and ownership of utility scale wind energy facilities in California since 1981.