Toronto Stock Exchange (Venture) Symbol: "WND"
Issued and Outstanding: 28,346,209
VANCOUVER, Dec. 4 /CNW/ - Western Wind Energy is pleased to announce that
it has, through its subsidiary, Western Solargenics Inc. ("Western"), executed
a Cooperation Agreement with Solon America Corporation ("Solon"), a subsidiary
of Solon A.G. of Germany.
Western and Solon will cooperate and combine their respective
capabilities to enable the development of 5 to 40 megawatts of photovoltaic -
solar energy projects in California and an additional 5 - 40 megawatts of
photovoltaic - solar energy projects in Ontario, Canada.
Solon shall be the exclusive supplier of photovoltaic equipment and
engineering, procurement and construction services. Western will develop, own
and operate all of the projects pursuant to this Cooperation Agreement.
Solon A.G. is one of the world's leading producers of photovoltaic
modules and specializes in the integration of photovoltaic technology, which
makes it possible to convert sunlight into electricity. Solon is a profitable
solar power company, having its capital shares traded on the XETRA in Germany
under the symbol "SOO1." Solon's capital shares are currently trading at over
US $100 per share equivalent, and has a market capitalization of over US
Western Wind Energy is the largest producing pure wind energy, publicly
traded company (non-income trust) in North America. Western Wind Energy
currently produces 34.5 MW of energy from over 500 wind turbine generators
located in Southern California. Western Wind also has over 155 MW of expansion
power sales agreements with the associated projects in the late stage of
development. In addition, Western Wind Energy has a credible pipeline of over
1,300 MW of site locations in the State of California.
Western Wind Energy currently produces clean renewable electrical energy
from over 500 wind turbine generators located in Tehachapi (Windridge) and San
Gorgonio Pass (Palm Springs), California. Western Wind Energy's annualized
energy output is approximately 75 billion watt hours per year. During the past
two years, Western Wind Energy has executed or acquired over $1 billion of
power sales agreements totaling 154.5 megawatts from the sale of wind energy
electrical generation, to two separate utilities. Western Wind Energy was the
first to execute a "wind" PPA in the State of Arizona, and in California, is
expanding from management's 26-year continuous operating history in the
Western Wind Energy is in the business of acquiring exceptional land
sites, capital and technology for the production of electricity from wind
energy. Western Wind Energy conducts its operations through its wholly owned
subsidiaries in Arizona and California. Management of Western Wind Energy
includes individuals involved in the operations and ownership of utility scale
wind energy facilities in California since 1981.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
Certain statements included herein are "forward-looking statements" as
defined by the Private Securities Litigation Reform Act of 1995.
Management cautions that forward-looking statements are not guarantees
and that actual results could differ materially from those expressed or
implied in the forward-looking statement. Important factors that could
cause the actual results of operations or financial condition of the
Company to differ include, but are not necessarily limited to, the risks
and uncertainties discussed in documents filed by the Company with the
Securities and Exchange Commission.
For further information:
For further information: Western Wind Energy Corp., 632 Foster Avenue,
Coquitlam, BC, V3J 2L7, Telephone: (604) 839-4192, Facsimile: (604) 939-1292,