SAN DIEGO, Nov. 14, 2007 (PRIME NEWSWIRE) -- Welwind Energy International Corp. (OTCBB:WWEI) (the "Company") is pleased to announce that it is negotiating a land lease agreement in the Peace River Region of British Columbia, Canada. The Peace River Region has been deemed as a commercially viable location to develop a windfarm.
On November 6, 2007 the company sent up a representative to survey the land, and data results for build out are favorable. After visiting the site at Tumbler Ridge, British Columbia, Canada, it was determined that the site is ideal to proceed with a windfarm feasibility study. The area is 13 quarter sections (approximately 2300 acres) of farmers fields that also has an excellent set of roads for accessing the potential site. The site presents virtually no encumbrances to an installation of either a meteorological tower or a windfarm. Road access for turbine installation would also be ideal as the road runs adjacent to the site.
The next step is for the company to finalize a land option agreement based on standard industry guidelines.
"We are pleased with this next step of expansion for the company and further pleased that we are doing so in Canada, a country very pro green energy. We are working closely with Adventis Capital on funding this project and are confident in Adventis' ability to finance, specifically within the Canadian market," says Tammy McNabb, President of Welwind Energy International.
Further news: The company anticipates issuing an update on the Zhanjiang Windfarm PPA on Friday.
About The Peace Region and Wind
BC Hydro began its wind monitoring program in April 2000, erecting wind monitoring equipment at a number of locations throughout B.C. All of these wind monitoring stations have been decommissioned or are being operated by private parties.
In Summer 2003, BC Hydro issued CD-ROMs containing wind data for all of the wind monitoring stations up to June 2003. The complete data set up to August 2004, including previously-released data, is being offered for download to interested parties at no charge. Hydro's objective in releasing this information is to help enable wind energy development in British Columbia by the private sector.
http://www.bchydro.com/environment/greenpower/greenpower1764.html
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 windfarms 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.
The Welwind Energy International Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3727
This 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.