29 Jul '12, 3pm

Western Wind Expects Full Cash Grant for Windstar: Filed under: Energy News

The Windstar Wind Farm. Photo credit: Western Wind Energy On July 10, shares of Western Wind Energy (TSX:WND, OTC:WNDEF )plummeted because of a $12.2 million shortfall in the 1603 cash grant from the US Treasury for the company’s Windstar wind farm compared to the application. In order to reassure skittish investors, the company held a conference call on Monday, July 16 . On the tenth, I thought that investors should write off the 1603 cash grant shortfall, despite the fact that the company intended to send a delegation to Washington consisting of company management along with their advisers in order to argue for the full cash grant. I wrote, “I’m sure the company was already engaging in discussions with the Treasury while the grant was being processed. Why should new discussions achieve a different result?” Western Wind President and CEO Jeffrey Ciachurski disagrees. Here...

Full article: http://www.altenergystocks.com/archives/2012/07/western_w...

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