Wind

Energy America Inc. (OTCBB: WNEA) develops and operates wind energy projects in the Great Plains and the Midwest, regions known for their high quality wind energy resources. The Company owns interests in three wind farms: Shaokatan Hills LLC, Lakota Ridge LLC and CHI Energy. At present, WNEA owns a developer’s stake and a minimal interest producing negligible cash flow in these wind farms.

In 2010, however, the Company’s

ownership stake converts to an 80 percent equity interest. The three wind farms together contain 79 modern wind turbines and have a total rated capacity of 53.5 megawatts (MW). They are collectively generating approximately 160 million kilowatt hours (kWh) of electricity annually. In addition to these properties, the Company has acquired a 3 percent equity interest in Averill Wind LLC, a 10 MW wind farm being developed near Fargo, N.D., another region favorable for wind power energy.

2008, WNEA acquired wind power assets owned by Boreal Energy Inc. which include property and development rights to numerous wind farm projects in the upper Midwest and Great Plains, including Iowa, Minnesota, North and South Dakota, Montana, Wisconsin and southern Ontario, Canada. Through this acquisition, WNEA gained ownership interests in development stage wind energy projects representing approximately 1,200 MW of additional generating capacity. These projects are located in areas of North America, well-suited for wind turbine installations.

During Robust demand for wind energy
The U.S. Department of Energy predicts 71 percent growth in world energy consumption between 2005 and 2030. High oil prices and concerns regarding greenhouse gas emissions have created strong interest in clean energy. Wind power is one of the least expensive, most easily deployed energy sources. According to the Global Wind Energy Council, cumulative capacity of wind energy installations will reach 149.5 GW by the end of this decade, more than double present installed capacity. According to Clean Edge research, the wind energy market will grow from $11.8 billion in 2005 to $51.1 billion by 2015

Tax incentives encourage wind energy deployment
Federal authorities are encouraging new wind energy installations through a 2 cent per kWh Production Tax Credit (PTC) on electricity generated from renewable energy resources, including wind, biomass, geothermal and hydropower(2). The credit can be claimed for 10 years. The PTC system was renewed in 2007 and again in April 2008 when the U.S. Senate overwhelmingly approved an amendment to the Clean Energy Stimulus Act providing for a one-year extension of the Production Tax Credit.

Business model based on promising wind energy projects
WNEA is building a large portfolio of wind farm assets in areas known to have favorable wind conditions, demand for renewable energy generation capacity, the political will to support wind energy development, and existing or anticipated attractive pricing for wind energy. The Company is concentrating its wind energy asset acquisition and development efforts in North America’s upper Great Plains and Midwest and has projects in Minnesota, Iowa and the Dakotas.

Installed wind energy capacity exceeding 120 MW
The Company’s wind farms in Buffalo Bridge, Minn., (Shaokatan Hills, Lakota Ridge and CHI Energy) contain 79 modern Vestas and Micon wind turbines representing a rated capacity of 53.5 MW. These farms collectively produce 165 million kWh of electricity annually. In 2010, WNEA’s ownership interest in these projects increases to 80 percent.

Through its 3 percent equity stake in Averill Wind LLC, the Company is also developing the 10 MW Averill project scheduled for completion and generation of electricity in the first half of 2008.