Canadian-based Wind Works Power Corp. announced today that they have signed an option agreement to acquire a 100% interest in Ecsed, a 50 megawatt wind energy project in Hungary, for $500,000. This transaction followed on the heels of another announcement Monday in which the company announced they signed an option agreement to acquire a 100% interest in Honelles, a 10 megawatt wind energy project in Belgium for $475,000.

The company plans to invest over $3 million dollars to develop these wind projects. Wind Works Power expects these projects to create investment opportunities in excess of $150 million which would be an outstanding return on the company’s investment. The company feels safe in making these investments into Europe since the European wind market is backed by government incentives, is well-established and secure, and should be solid additions to Wind Works’ portfolio of wind projects.

Wind Works Power has moved rapidly recently to expand

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Stocks rise on GE upgrade despite weak employment data

U.S. stocks rose on Friday as investors took heart after the government said monthly payroll losses slowed, even as unemployment rose above 10 percent.

General Electric Co shares jumped more than 5 percent after a brokerage upgrade, and helped lead the industrial sector higher.

The market had opened lower after data showed the unemployment rate topped the psychologically key 10 percent level and reached the highest point since April 1983.

U.S. employers cut 190,000 jobs in October and unemployment hit its highest level since 1983. Despite the disturbing headline unemployment number, payroll losses continued to decline, which some investors saw as a mild positive as the hourly work week remained static.

The Dow Jones industrial average was up 17.84 points, or 0.18 percent, at 10,023.80. The Standard & Poor’s 500 Index rose 2.30 points, or 0.22 percent, at 1,068.93. The Nasdaq Composite Index increased 7.87

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