Wind Works Power has acquired a 6.9MW wind farm in Germany, which will consist of three Enercon E92 2.3MW wind turbines.
Wind Works has ordered turbines and made a down-payment to Enercon.
Construction has started and once completed in the summer the project will have an approximate investment value of $13m.
Wind Works has also signed an agreement for non-recourse project financing with GLS-Bank in Germany.
Wind Works president and chief executive officer Ingo Stuckmann said: “We are pleased with our recent success to buy construction ready wind farms that we intend to finance, build, own and operate with strategic partners.”
Image: an Enercon E92 turbine being erected (Enercon)
