Welwind Energy International Corp.(fka WWEI)

[murocman]

No, but I got the corporate summary emailed to me today just after Noon. Nothing new, but a nice, concise summary (apologize if the format is screwed up..posting from Word document):

WWEI is a renewable energy company focused on the emerging wind energy market in China. The Public Company acquired a
management team and the rights to two wind projects in China in April of 2006. Welwind has negotiated with municipal and provincial governments in China to develop 1,000 megawatts (“MW”) of wind energy in Yangxi and Zhanjiang in the Province of Guangdong.



• NASD OTCBB: WWEI, at June 30, 2008 176,064,837 shares issued and outstanding
• President & Chairwoman – Tammy Lynn McNabb
• Directors: Shannon de Delley, Patrick Higgins, Chong-Jiang Zhao, Feng Junyi, Tammy McNabb, Pan Huifang, Baldwin Kam Tao
• Industry: Alternative Energy




The Company currently has the rights to two projects in China. The Zhanjiang Project and the Yangxi Project combined total a potential 1000 MW. All of the Company’s projects are built out in phases, with initial 49 MW plants to be constructed followed by annual expansion of a minimum of 49 MW’s per year at each location. In total, the Company intends to put in place 600 turbines at a cost of C$1.2 million per MW on average. As part of the build out, the Company is negotiating a 50 year purchase price agreement (“PPA”) which would result in Welwind’s facilities having contracts to sell all power produced at a guaranteed rate for 50 years.

PROJECTS:

• Zhanjiang Windfarm – potential of 600 MW. 750 kW turbine installed Q1 2007, testing result exceptional. Letter of Interest for financing for phase I of project for $75M US with Acterra Finance announced. Currently awaiting final stages of PPA from provincial government for the purchase of company’s power. A Turbine Supply Agreement with YATU signed for 66 Wind Turbines with guaranteed delivery before October 18, 2009. Current industry waiting time for delivery of turbines is 3-4 years.
• Yangxi Windfarm - Currently on site at the Windfarm an 80 foot meteorological tower continues to collect favorable data indicating a location for a viable wind farm. This July 2008 marked the two year anniversary date of collecting data. The data to date has been used to conduct a wind feasibility study and wind farm layout design. The Company is currently working on preparing necessary documentation for submission of the PPA and has received a letter of interest for financing for this project for an additional $75M USD from Acterra for the first 49MW buildout.
• JV Manufacturing Partnership - On June 17, 2008 the company announced that it has begun negotiations for a Joint Venture Partnership with YATU Wind Energy Manufacturing Co. Ltd (formerly ENGGA) to manufacture wind turbines internationally. YATU's YT750(750kw), YT850(850kw), 1MW, 1.2MW, 1.5MW turbines will be launched in the international marketplace in conjunction with an aggressive marketing plan to create the best energy company internationally
• Peace Region Windfarm - The company is entering into a land lease agreement in the Peace River Region of British Columbia, Canada which is deemed to be an exceptional location to develop a wind farm. In a November 6, 2007 the company sent a representative to survey the land, and data results for build out were deemed a favorable location to proceed with a wind farm project. The current location consists of 4680 acres with potential acquisition of additional private and/or crown land around the property. Depending on the size of the turbines installed, the company will be looking at generating a minimum of 100 MW.
• June 2008 – The Company has begun negotiations for a wind and solar energy project in the Caribbean. Additional details will be released as they become available.










In 2006 the company raised $1.6 M and an additional $500 K was raised early 2008 to complete feasibility studies on one wind energy project and maintenance of Zhanjiang’s first turbine along with public company overhead costs. Management expects project financing will largely take the form of equity financing with Acterra, the repayment of which will be tied to specific project revenues. Based on successfully building out of the two projects identified above, the Company is projecting the following cash flows:
Yearly Cash Flows
Year Pre-tax After-tax Cumulative Year Pre-tax After-tax Cumulative
# $ $ $ # $ $ $
0 (15,178,929) (15,178,929) (15,178,929)
1 5,029,014 5,029,014 (10,149,915) 11 7,668,214 3,992,625 38,692,554
2 5,264,586 5,264,586 (4,885,329) 12 7,969,766 4,094,788 42,787,342
3 5,506,047 5,506,047 620,718 13 8,278,856 4,195,700 46,983,042
4 5,753,544 5,753,544 6,374,262 14 8,595,674 4,293,784 51,276,826
5 5,554,666 5,554,666 11,928,928 15 8,341,093 4,011,326 55,288,152
6 6,267,257 6,267,257 18,196,185 16 13,647,125 8,870,874 64,159,026
7 6,533,784 6,265,499 24,461,684 17 13,988,303 9,092,519 73,251,545
8 6,806,975 3,714,996 28,176,680 18 14,338,011 9,319,768 82,571,313
9 7,086,996 3,796,420 31,973,100 19 14,696,461 9,552,730 92,124,043
10 5,581,899 2,726,829 34,699,929 20 12,769,809 8,300,406 100,424,449



**Cash flows are based on a turbine being manufactured in China with a wind speed of 7.1 m/s and a 49 MW farm along with a PPA of .08 cents Canadian. The Company anticipates that the PPA will generate revenues of .10 cents Canadian per Kilowatt.









INVESTOR RELATIONS:
NetGain Financial, Inc. - Contact Person: Robert Bragg
Toll free phone number: [phone] - Email: [e-mail]