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New World sells 2 UK wind farms

Issue 2 and Volume 5.

New World sells 2 UK wind farms

The New World Power Corp. has announced the sale of the Four Burrows and Dyffryn Brodyn wind farms in the UK to Renewable Energy Systems Ltd. Proceeds from the sale of approximately (US)$3.75 million will be used to retire the project debt on the Caton Moor wind farm which New World Power still owns in the UK and to reduce the company`s obligations to corporate debt holders.