Toronto Stock Exchange (Venture) Symbol: "WND"
OTCQX Symbol: "WNDEF"
Issued and Outstanding: 59,780,539
VANCOUVER, Sept. 21, 2011 /CNW/ - 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
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
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.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
President & Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this press release constitute "forward-looking
statements" under applicable securities laws, which involve known and
unknown risks, uncertainties and other factors that may cause actual
results to be materially different from any future results, performance
or achievements expressed or implied by such statements. Words such as
"expects", "anticipates", "intends", "projects", "plans", "will",
"believes", "seeks", "estimates", "should", "may", "could", and
variations of such words and similar expressions are intended to
identify such forward-looking statements. Such statements in this news
release include, but are not limited to, the Company's discussion
concerning the Offer. These statements are based on management's
current expectations and beliefs and actual events or results may
differ materially. There are many factors that could cause such actual
events or results expressed or implied by such forward-looking
statements to differ materially from any future results expressed or
implied by such statements. Such factors include, but are not limited
to, the state of the Company's business activities and various factors
discussed in the Company's annual report and annual information
contained in the Company's 20F Annual Report filed with the United
States Securities and Exchange Commission and securities regulators in
Canada. Forward-looking statements are based on current expectations
and the Company assumes no obligation to update such information to
reflect later events or developments, except as required by law.
SOURCE Western Wind Energy
For further information:
Investor Relations Contact:
Telephone: (416) 992-7227