12.06.08
Welwind Energy: Projected Revenues for Zhanjiang Wind Farm
Construction began last year with the arrival of one 750 kW wind turbine which will produce enough electricity to power more than one thousand (1000) homes. The company's build out of forty-nine (49) megawatts is the first phase of a six hundred (600) megawatt wind farm. The following yearly projections are based on the historical wind speed for the area of Zhanjiang.
The figures reflect projected financials on a 49 megawatt install only.
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Yearly Cash Flows
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Year Pre-tax After-tax Cumulative
# $ $ $
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1 6,169,545 6,169,545 -13,133,613
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3 7,077,269 7,077,269 558,792
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5 8,053,922 8,053,922 16,169,340
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10 9,582,330 9,582,330 63,325,937
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15 4,220,843 4,220,843 87,019,525
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20 13,072,147 13,072,147 155,309,896
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25 16,606,800 16,606,800 234,391,049
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The following numbers are based on 7.5 cents U.S. per kW-h. Current negotiations for the PPA are estimated at 10 cents U.S. per kW-h. The Company also anticipates using an 850 kW turbine instead of a 750 kW turbine for phase I build out which will further increase projected revenues.
The company plans to complete a 50-year Power Purchase Agreement and will have all the tools required to completely finance this first 49 MW of development.
ABOUT WELWIND
Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations.
Welwind Energy International was founded to build, own and operate wind farms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and Governmental consumer.
his news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Contact:
Welwind Energy International Corp.
604-460-8487
866-677-2272
info@welwind.com
www.welwind.com
Source: Welwind Energy International Corporation