Canada-based Wind Works Power has sold two wind turbines of the Wind Park Burg project to a Swiss Institutional Fund.
The sale includes one Enercon E82 turbine that is a part of the phase II of 6.9MW Wind Park Burg project, while the second is part of phase III of the project, located in Germany.
Construction for Wind Park Burg II will commence in April 2013, while the phase III of the project is currently under development and is expected to be completed by the end of August 2014.
Wind Works president and CEO Ingo Stuckmann, commenting on the deal, said that the company is aiming to produce 100MW of energy in Germany over the next three years.
"We expect this strategic alliance between an asset rich developer like Wind Works and a cash rich company like the Swiss Fund will yield significant opportunities for our shareholders in the coming years," added Stuckmann.
The total investment once built is around $15m, subject to certain adjustments.