VANCOUVER, B.C., June 4, 2007 (PRIME NEWSWIRE) -- Greenwind Power Corp. has become partners with Naturener S.A., a Spanish renewable energy company through Naturener's purchase of 100% of Energy Logics Inc. Greenwind's previous partner.
Glenn Collick, president of Greenwind, previously stated that Greenwind is very pleased to have such a dedicated partner with significant backing to carry out the joint wind farm projects.
Greenwind and Naturener are jointly developing 4 Wind Energy Projects in southwestern Alberta.
The table outlines the shareholdings of each partner in the wind energy operating companies:
Potential Energy Capacity Ownership (%)
Wind Farm Project ------------------------- ---------------
Operating Company Megawatts (MW) GWP Naturener
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Yagos Wind Energy Inc. 100 39 61
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Naturener Southridge
Energy Inc. 40 - 60 49 51
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West Raley Wind
Energy Inc. 120 49 51
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PH Wind Energy Inc. 60 5 +50
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Naturener, a Spanish renewable energy company, has purchased 200 Acciona wind turbine generator units AW 77/1500 class II, for a total capacity of 300 MW. The amount of the contract exceeds 300 million Euros (more than $USD 400 million). The units are destined for renewable energy wind farms located in Montana (USA) and Alberta (Canada) in 2008.
Naturener is planning 1,800 MW of renewable energy development projects in the United States and Canada. "We are very pleased to have secured a large supply of turbines for our North American projects," says Naturener USA and Naturener Canada CEO Jose M. Sanchez. "Acciona is a proven company with proven technology. Many developers are eager to secure wind turbines in a rapidly growing wind energy market. This contract was a critical step for Naturener in our efforts to produce more reliable, clean energy in North America."
Naturener will bring their first North American project online in 2008 in Montana
About Naturener
Naturener, S.A. develops, owns, and operates electrical generation plants exclusively using renewable energy sources. Naturener, S.A. is a subsidiary of Belgian group Sapec, with additional investment from Caja Castilla La Mancha (CCM) Corporation, a Spanish savings bank, and a private North American investor. Naturener USA and Naturener Canada are wholly-owned subsidiaries of Naturener, S.A. Naturener USA and Naturener Canada represent the initial international expansion of Naturener, S.A. into North America.
About Greenwind
Greenwind Power Corp's primary focus is the development of grid based wind farms in Southwest Alberta, the location of one of the strongest and steadiest wind regimes found anywhere in the world. Greenwind Power Corp has been involved in this industry for over 7 years in Alberta and has brought a number of projects to the forefront for development with its partner Naturener.
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