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There is good news coming from Welwind Energy International Corp. (OTCBB: WWEI), and investors are urged to monitor the stock closely this morning! Yesterday after the markets closed, the company issued a press release announcing an additional interest in A La Shan Zuo Qi Windfarm Phase II development.

Great news for the company! In management's recent trip to China, Welwind met with Ningxia Electric Power Corp., owners of A La Shan Zuo Qi Windfarm Ltd. Welwind's initial commitment was for 49% interest in Phase I of the wind farm which currently holds a completed PPA with Neimeng Provincial Development and Planning Commission. Upon further discussions and due diligence, Welwind immediately committed to an additional 49% interest in Phase II, 49.5 MW with an anticipated PPA inside of 2 months.

For Phase I, a turbine supply agreement has been signed with Mitsubishi Power Systems for the MWT 1000 Turbine. Mitsubishi's manufacturing facility is within 15 miles of the windfarm's location. The company anticipates beginning construction in January and taking delivery of the turbines at that time.

Welwind and Ningxia Electric Power Group are in further discussions to cooperate in the development of wind farm equipment manufacturing, production of silicon-based solar panels, and solar power plants.

Zhanjiang Project -- Welwind has had meetings with the Mayor and government officials over the last week with its concerns over the delay in receiving its PPA for the Zhanjiang Wind farm project. The Mayor has reassured the company that the PPA is forthcoming and that all issues have been sorted. The PPA shall be awarded within the next few weeks.

Investors are urged to continue to monitor the progress of the company!

The stock closed yesterday at around Six cents a share.

For an in-depth profile of Welwind Energy International, please visit http://www.clientcreative.com/wwei_20080930.html.

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