New York-based renewable energy firm Wind Works Power Corp. (OTC:WWPW) announced it has purchased a 15-megawatt (MW) Elkfarm wind energy project in Frankfurt, Germany. Wind Works said financing for the project has started and construction costs are estimated to total $12 million.
The Elkfarm project, which will be completed in two phases, was acquired from a private developer. Phase one, which is scheduled to begin in the spring, will total 6 MW. Construction for the second phase is set for the second half of 2015 after final permits for the project are obtained.
In North Amercia, Wind Works is currently engaged in the development of the 150 MW Thunder Spirit wind power project in North Dakota. Nordex has been contracted as the wind turbine supplier for Thunder Spirit, which is expected to be completed by the end of 2015.
"With Nordex, we have developed wind energy projects totaling several hundred megawatts over the past 10 years, plus we have over 10 years of successful operational experience with this 2.5 MW class of Nordex wind turbines," said Wind Works President and CEO Ingo Stuckmann.