Americas Wind Energy Corporation Announces Several New Orders for Windturbines
08.07.07, 1:08 PM ET
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Americas Wind Energy Corporation's ("AWEC" or the "Company") (OTCBB: AWNE) customer, Waverly Light and Power ("Waverly"), has announced AWEC's sale to them of two AWE 900 windturbines. Waverly's press release is set out below: WAVERLY LIGHT AND POWER PURCHASES TWO WIND TURBINES
Waverly, IA - July 17, 2007- Waverly Light and Power has purchased two AWE54-900 kW wind turbines from Americas Wind Energy, Inc. in a $3.4 million investment.
The 900 kW turbines are scheduled to be in operation by the summer of 2008 and together will provide over 4 million kWhs of electricity for the community. The units will be located east of Waverly, one on the Remley Farm and the other on an adjacent 70-acre farm site.
"We searched to find extremely durable units featuring direct drive technology new to this country," said Glenn Cannon, General Manager of Waverly Light and Power. "We're excited about pioneering this technology in the Midwest and the United States."
As the first public power system to own and operate wind generation in the Midwest, Waverly Light and Power continues to lead the industry in using renewable energy resources and is committed to providing 20% renewable energy by the year 2020 as part of Waverly Light and Power's 20 by 2020 campaign initiated by the Board of Trustees in 2006.
The new wind turbines will join Skeets 4, currently in operation two miles north of Waverly and three hydro turbines located on the Cedar River.
Consent of Waverly Light and Power
The Company has received the express written consent of Waverly to use the contents of Waverly's news release dated July 17, 2007.
About Americas Wind Energy Corp.
AWEC is focused on the manufacturing and marketing of medium sized (900 kW) windturbines for the North American market. AWEC's strategy is to manufacture as much as possible in North America, with the intention of providing both cost effectiveness and local content. All of AWEC's projects to date have made use of local tower manufacturers.
AWEC is and intends to remain a virtual manufacturer. This means AWEC plans to subcontract the components of its windturbines to qualified manufacturers and manufacturing partners to achieve the best in quality at the lowest cost. As a key part of the strategy of a virtual manufacturer, AWEC plans to maintain strict quality assurance programs and quality control procedures for its subcontractors and partners.
If you would like additional information on AWEC, please view AWEC's website at www.awewind.com and AWEC's listing on the OTCBB, symbol AWNE. For more information, or to join AWEC's mailing list, please contact the Investor Relations Department by emailing ir@awewind.com.
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