Message #5 From:
FastFun Date: September 28, 2007 01:37:21 AM
Americas Wind Energy Corporation Has Bid into Hydro Quebec's Recent Call for Tenders in Cooperation with Their Partner the Quebec-Based Cooperative CRERQ For the Development of an 8 Unit Wind Farm in Cap Chat, Quebec
Thursday September 27, 2:40 pm ET
TORONTO--(BUSINESS WIRE)--Americas Wind Energy Corporation ("AWEC" or the "Company") (OTCBB:AWNE - News) is pleased to announce the submission by Cooperatives Regroupees en Energie Renouvelable du Quebec ("CRERQ") of a proposed wind farm in Cap Chat, Quebec utilizing 8 AWE 900kW wind turbines. The planned wind farm is a cooperative wind farm to be built in the Gaspe region of Quebec in partnership with local investors.
AWEC announced the signing of a "Heads of Agreement" with the CRERQ in a press release dated March 19, 2007. This proposed wind farm bid is the first result of this project.
CRERQ is a cooperative set up, in partnership with a related cooperative, EKUA, to sell and install AWE 900kW wind turbines to industry and rural communities in the province of Quebec.
AWEC believes the technological advantage of AWEC's direct drive wind turbines has gained tremendous support in Quebec from its partners CRERQ and EKUA and from potential customers.
It is anticipated that the major components, including, nacelles, rotors, generators, blades and towers for the AWE 900kW wind turbine will be manufactured in Quebec.
This arrangement is expected to provide AWEC with a lower cost North American supply base for its North American customers.
About Americas Wind Energy Corp.
AWEC is focused on the manufacturing and marketing of medium sized (900 kW) wind turbines 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 wind turbines 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.
