| [X]            | Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|----------------|-----------------------------------------------------------------------------------------|
|           |                                                                                    |
|           | For the quarterly period ended May 31, 2010                                             |
|           |                                                                                    |
| [  ] | Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934        |
|           |                                                                                    |
|           | For the transition period from __________ to__________                             |
|           |                                                                                    |
|           | Commission File Number: 333-91191                                                       |

| Nevada                                                         | 74-2329327                        |
|----------------------------------------------------------------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |

| 9025 SW Hillman Court, Building 31, Suite 3126 Wilsonville, OR 97070                                  |
|-------------------------------------------------------------------------------------------------------|
| (Address of principal executive offices)                                                              |
|                                                                                                  |
| 503-388-7350                                                                                          |
| (Registrant’s telephone number) Cascade Wind Corp1500 SW 1st Street, #910Portland OR 97201 |
|  ___________________________________________________                                             |
| (Former name, former address and former fiscal year, if changed since last report)                    |

| [ ] Large accelerated filer Accelerated filer | [ ] Non-accelerated filer |
|-----------------------------------------------|---------------------------|
| [X] Smaller reporting company                 |                      |

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|                                             | TABLE OF CONTENTS                                                                           |   Page |
|--------------------------------------------------|---------------------------------------------------------------------------------------------|------------------|
|  PART I – FINANCIAL INFORMATION  |
| Item 1:                                          | Financial Statements                                                                        | 3                |
| Item 2:                                          | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 4                |
| Item 4T:                                         | Controls and Procedures                                                                     | 6                |
|  PART II – OTHER INFORMATION     |
| Item 1:                                          | Legal Proceedings                                                                           | 8                |
| Item 2:                                          | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 8                |
| Item 6:                                          | Exhibits                                                                                    | 8                |

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Item 

| Our unaudited financial statements included in this Form 10-Q are as follows:  |
|-------------------------------------------------------------------------------------|
| F-1                                                                                 | Balance Sheet as of May 31, 2010 (unaudited) and February 28, 2010 (audited); |
| F-2                                                                                 | Statements of Operations for the three month periods ended May 31, 2010 and 2009 and for the period from October 3, 2008 (inception) to May 31, 2010 (unaudited); |
| F-3                                                                                 | Statements of Stockholders’ Equity (Deficit)  as of May 31, 2010 (unaudited); |
| F-4                                                                                 | Statements of Cash Flows for the three month periods ended May 31, 2010 and 2009, and for the period from October 3, 2008 (inception) to May 31, 2010 (unaudited); |
| F-5                                                                                 | Notes to Financial Statements; |

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| ASSETS                                                                                                                        | May 31, 2010 (Unaudited) |      | February 28, 2010 (Audited) |
|-------------------------------------------------------------------------------------------------------------------------------|--------------------------|-----------|-----------------------------|
| Current Assets                                                                                                                |                     |      |                        |
| Cash and cash equivalents                                                                                                     | $                        | 2,849,758 |                        | $ | 195,990 |
| Subscriptions receivable                                                                                                      |                     | 50,000    |                        |   | - |
| Inventories                                                                                                                   |                     | 414,361   |                        |   | - |
| Prepaid expenses                                                                                                              |                     | 44,895    |                        |   | - |
| Total Current Assets                                                                                                          |                     | 3,359,014 |                        |   | - |
|                                                                                                                          |                     |      |                        |   |   |
| Property and Equipment, net                                                                                                   |                     | 147,746   |                        |   | - |
|                                                                                                                          |                     |      |                        |   |   |
| Other assets                                                                                                                  |                     |      |                        |   |   |
| Intellectual property                                                                                                         |                     | 1,320,226 |                        |   | - |
| Deposit                                                                                                                       |                     | 7,500     |                        |   | - |
| Total Other Assets                                                                                                            |                     | 1,327,726 |                        |   | - |
|                                                                                                                          |                     |      |                        |   |   |
| TOTAL ASSETS                                                                                                                  | $                        | 4,834,486 |                        | $ | 195,990 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)                                                                          |                     |      |                        |   |   |
| LIABILITIES                                                                                                                   |                     |      |                        |   |   |
| Current Liabilities                                                                                                           |                     |      |                        |   |   |
| Accounts payable                                                                                                              | $                        | 12,684    |                        | $ | 0 |
| Accrued expenses                                                                                                              |                     | 47,509    |                        |   | 337,578 |
| Customer deposits                                                                                                             |                     | 54,754    |                        |   | - |
| Warranty reserve                                                                                                              |                     | 77,564    |                        |   | - |
| Loans from shareholder                                                                                                        |                     | -         |                        |   | 90,740 |
| Total Liabilities                                                                                                             |                     | 192,511   |                        |   | 428,318 |
|                                                                                                                          |                     |      |                        |   |   |
| STOCKHOLDERS’ EQUITY (DEFICIT)                                                                                          |                     |      |                        |   |   |
| Preferred stock, par $0.01, 5,000,000 shares authorized, no shares issued and outstanding                                     |                     | 0         |                        |   | 0 |
| Common stock, par $0.001, 100,000,000 shares authorized, 13,280,255 and 4,682,602 shares issued and outstanding, respectively |                     | 13,280    |                        |   | 4,683 |
| Stock warrants                                                                                                                |                     | 995,246   |                        |   | - |
| Additional paid in capital                                                                                                    |                     | 4,552,357 |                        |   | 40,641 |
| Deficit accumulated during the development stage                                                                              |                     | (918,908) |                        |   | (277,652) |
| Total Stockholders’ Equity (Deficit)                                                                                    |                     | 4,641,975 |                        |   | (232,328) |
|                                                                                                                          |                     |      |                        |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)                                                                    | $                        | 4,834,486 |                        | $ | 195,990 |

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|                                                        | Three months ended May 31, 2010 (Unaudited) |      | Three months ended May 31, 2009 (Unaudited) |   | Inception of Development Stage through May 31, 2010 (Unaudited) |
|-------------------------------------------------------------|---------------------------------------------|-----------|---------------------------------------------|--------|-----------------------------------------------------------------|
|                                                        |                                        |      |                                        |   |                                                            |
| GROSS REVENUES                                              | $                                           | 4,385     |                                        | $      | 0                                                               |   | $ | 4,385 |
|                                                        |                                        |      |                                        |   |                                                            |   |   |   |
| COST OF GOODS SOLD                                          |                                        | 1,709     |                                        |   | 0                                                               |   |   | 1,709 |
|                                                        |                                        |      |                                        |   |                                                            |   |   |   |
| GROSS PROFIT                                                |                                        | 2,676     |                                        |   | 0                                                               |   |   | 2.676 |
|                                                        |                                        |      |                                        |   |                                                            |   |   |   |
| OPERATING EXPENSES                                          |                                        |      |                                        |   |                                                            |   |   |   |
|     General and administrative expenses |                                        | 229,351   |                                        |   | 9,003                                                           |   |   | 507,994 |
|     Stock-based compensation expense    |                                        | 189,868   |                                        |   | -                                                               |   |   | 189,868 |
|     Marketing                           |                                        | 35,596    |                                        |   | -                                                               |   |   | 35,596 |
|     Sales expense                       |                                        | 18,571    |                                        |   | -                                                               |   |   | 18,571 |
|     Engineering/R&D expense         |                                        | 171,620   |                                        |   | -                                                               |   |   | 171,620 |
| TOTAL OPERATING EXPENSES                                    |                                        | 645,006   |                                        |   | 9,003                                                           |   |   | 923,649 |
|                                                        |                                        |      |                                        |   |                                                            |   |   |   |
| LOSS FROM OPERATIONS                                        |                                        | (642,330) |                                        |   | (9,003)                                                         |   |   | (920,973) |
|                                                        |                                        |      |                                        |   |                                                            |   |   |   |
| OTHER INCOME (EXPENSE)                                      |                                        | 1,074     |                                        |   | 0                                                               |   |   | (164) |
|                                                        |                                        |      |                                        |   |                                                            |   |   |   |
| NET LOSS BEFORE PROVISION FOR INCOME TAXES                  |                                        | (641,256) |                                        |   | (9,003)                                                         |   |   | (921,137) |
|                                                        |                                        |      |                                        |   |                                                            |   |   |   |
| PROVISION FOR INCOME TAXES                                  |                                        | 0         |                                        |   | 0                                                               |   |   | 0 |
|                                                        |                                        |      |                                        |   |                                                            |   |   |   |
| NET LOSS                                                    | $                                           | (641,256) |                                        | $      | (9,003)                                                         |   | $ | (921,137) |
|                                                        |                                        |      |                                        |   |                                                            |   |   |   |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING               |                                        | 9,486,919 |                                        |   | 4,651,978                                                       |   |   |   |
|                                                        |                                        |      |                                        |   |                                                            |   |   |   |
| NET LOSS PER SHARE:                                         |                                        |      |                                        |   |                                                            |   |   |   |
|    BASIC AND DILUTED                         | $                                           | (0.07)    |                                        | $      | (0.00)                                                          |   |   |   |

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|                                                  | Common Stock |       | Stock  |   | Additional Paid in |   | Deficit Accumulated During the Development |    |   |
|-------------------------------------------------------|--------------|------------|--------|--------|--------------------|--------|--------------------------------------------|---------|--------|
|                                                  | Shares       |       | Amount |   | Warrants           |   | Capital                                    |    | Stage  |   | Total |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |
| Balance, February 28, 2009                            |         | 4,651,978  |   | $      | 4,652              |   | $                                          | -       |   | $ | 40,367 |   | $ | (209,274) |   | $ | (164,255) |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Correction of shares outstanding                      |         | 79         |   |   | -                  |   |                                       | -       |   |   | - |   |   | - |   |   | - |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Issuance of stock for cash                            |         | 30,545     |   |   | 31                 |   |                                       | -       |   |   | 274 |   |   | - |   |   | 305 |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended February 28, 2010         |         | -          |   |   | -                  |   |                                       | -       |   |   | - |   |   | (68,378) |   |   | (68,378) |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Balance, February 28, 2010                            |         | 4,682,602  |   |   | 4,683              |   |                                       | -       |   |   | 40,641 |   |   | (277,652) |   |   | (232,328) |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Shares issued for consulting services                 |         | 200,000    |   |   | 200                |   |                                       | -       |   |   | 1,800 |   |   | - |   |   | 2,000 |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Shares issued in payment of an accrued expense        |         | 320,000    |   |   | 320                |   |                                       | -       |   |   | 82,061 |   |   | - |   |   | 82,381 |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Shareholder loans converted to shares                 |         | 226,850    |   |   | 227                |   |                                       | -       |   |   | 90,513 |   |   | - |   |   | 90,740 |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Shares issued to acquire assets                       |         | 3,192,150  |   |   | 3,192              |   |                                       | -       |   |   | 1,273,669 |   |   | - |   |   | 1,276,861 |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Shares issued in connection with private placements   |         | 4,658,650  |   |   | 4,658              |   |                                       | -       |   |   | 3.869,051 |   |   | - |   |   | 3,873,709 |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Warrants issued in connection with private placements |         | -          |   |   | -                  |   |                                       | 995,246 |   |   | (995,246) |   |   | - |   |   | - |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Correction of shares outstanding                      |         | 3          |   |   | -                  |   |                                       | -       |   |   | - |   |   | - |   |   | - |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Stock options issued to employees                     |         | -          |   |   | -                  |   |                                       | -       |   |   | 189,868 |   |   | - |   |   | 189,868 |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Net loss for the three months ended May 31, 2010      |         | -          |   |   | -                  |   |                                       | -       |   |   | - |   |   | (641,256) |   |   | (641,256) |
|                                                  |         |       |   |   |               |   |                                       |    |   |   |   |   |   |   |   |   |   |
| Balance, May 31, 2010                                 |         | 13,280,255 |   | $      | 13,280             |   | $                                          | 995,246 |   | $ | 4,552,357 |   | $ | (918,908) |   | $ | 4,641,975 |

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|                                                                        | Three months ended May 31, 2010 (Unaudited) |        | Three months ended May 31, 2009 (Unaudited) |   | Inception of Development Stage through May 31, 2010 (Unaudited) |
|-----------------------------------------------------------------------------|---------------------------------------------|-------------|---------------------------------------------|--------|-----------------------------------------------------------------|
| Cash Flows from Operating Activities:                                       |                                        |        |                                        |   |                                                            |
| Net loss for the period                                                     | $                                           | (641,256)   |                                        | $      | (9,003)                                                         |   | $ | (921,137) |
| Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities: |                                        |        |                                        |   |                                                            |   |   |   |
|    Depreciation expense                                      |                                        | 2,824       |                                        |   | -                                                               |   |   | 2,824 |
|    Share-based compensation expense                          |                                        | 189,868     |                                        |   | -                                                               |   |   | 189,868 |
|    Issuance of common shares for services                    |                                        | 4,381       |                                        |   | -                                                               |   |   | 4,381 |
|    Discontinued operations                                   |                                        | -           |                                        |   | -                                                               |   |   | 2,229 |
| Changes in Assets and Liabilities                                           |                                        |        |                                        |   |                                                            |   |   |   |
| Subscriptions receivable                                                    |                                        | (50,000)    |                                        |   | -                                                               |   |   | (50,000) |
| Inventories                                                                 |                                        | (414,361)   |                                        |   | -                                                               |   |   | (414,361) |
| Prepaid expenses                                                            |                                        | (44,895)    |                                        |   | -                                                               |   |   | (44,895) |
| Accounts payable                                                            |                                        | 12,684      |                                        |   | -                                                               |   |   | 12,684 |
| Accrued expenses                                                            |                                        | (210,069)   |                                        |   | (387)                                                           |   |   | 127,509 |
| Customer deposits                                                           |                                        | 54,754      |                                        |   | -                                                               |   |   | 54,754 |
| Warranty reserve                                                            |                                        | (22,436)    |                                        |   | -                                                               |   |   | (22,436) |
| Net Cash Used in Operating Activities                                       |                                        | (1,118,506) |                                        |   | (9,390)                                                         |   |   | (1,058,580) |
|                                                                        |                                        |        |                                        |   |                                                            |   |   |   |
| Cash Flows from Investing Activities:                                       |                                        |        |                                        |   |                                                            |   |   |   |
| Purchase of property and equipment                                          |                                        | (93,935)    |                                        |   | -                                                               |   |   | (93,935) |
| Deposit paid                                                                |                                        | (7,500)     |                                        |   | -                                                               |   |   | (7,500) |
| Net Cash Used in Investing Activities                                       |                                        | (101,435)   |                                        |   | -                                                               |   |   | (101,435) |
|                                                                        |                                        |        |                                        |   |                                                            |   |   |   |
| Cash Flows from Financing Activities:                                       |                                        |        |                                        |   |                                                            |   |   |   |
| Proceeds from issuance of common shares                                     |                                        | 3,873,709   |                                        |   | -                                                               |   |   | 3,919,033 |
| Loans from shareholder                                                      |                                        | -           |                                        |   | 10,000                                                          |   |   | 90,740 |
| Net Cash Provided by Financing Activities                                   |                                        | 3,873,709   |                                        |   | 10,000                                                          |   |   | 4,009,773 |
|                                                                        |                                        |        |                                        |   |                                                            |   |   |   |
| Net Increase in Cash and Cash Equivalents                                   |                                        | 2,653,768   |                                        |   | 610                                                             |   |   | 2,849,758 |
|                                                                        |                                        |        |                                        |   |                                                            |   |   |   |
| Cash and Cash Equivalents – Beginning                                 |                                        | 195,990     |                                        |   | 1,978                                                           |   |   | 0 |
|                                                                        |                                        |        |                                        |   |                                                            |   |   |   |
| Cash and Cash Equivalents – Ending                                    | $                                           | 2,849,758   |                                        | $      | 2,588                                                           |   | $ | 2,849,758 |
|                                                                        |                                        |        |                                        |   |                                                            |   |   |   |
| Supplemental Cash Flow Information:                                         |                                        |        |                                        |   |                                                            |   |   |   |
| Cash paid for interest                                                      | $                                           | 0           |                                        | $      | 0                                                               |   | $ | 0 |
| Cash paid for income taxes                                                  | $                                           | 0           |                                        | $      | 0                                                               |   | $ | 0 |
|                                                                        |                                        |        |                                        |   |                                                            |   |   |   |
| Supplemental Non-Cash Investing and Financing Activities:                   |                                        |        |                                        |   |                                                            |   |   |   |
| Shares issued to acquire assets                                             | $                                           | 1,276,861   |                                        | $      | 0                                                               |   | $ | 1,276,861 |
| Shares issued in payment of accrued expense                                 | $                                           | 80,000      |                                        | $      | 0                                                               |   | $ | 80,000 |
| Loans from shareholder converted to common shares                           | $                                           | 90,940      |                                        | $      | 0                                                               |   | $ | 90,940 |
| Warrants issued in connection with private placements                       | $                                           | 995,246     |                                        | $      | 0                                                               |   | $ | 995,246 |

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|                                       | May 31, 2010 |    | February 28, 2010 |
|--------------------------------------------|--------------|---------|-------------------|
| Furniture                                  | $            | 23,801  |              | $ | 0 |
| Computer equipment                         |         | 62,720  |              |   | 0 |
| Shop machinery and equipment               |         | 44,774  |              |   | 0 |
| Vehicles                                   |         | 19,275  |              |   | 0 |
| Subtotal                                   |         | 150,570 |              |   | 0 |
|   Less: accumulated depreciation |         | (2,824) |              |   | (0) |
| Property and equipment, net                | $            | 147,746 |              | $ | 0 |

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|                                           | May 31, 2010 |      | May 31, 2009 |
|------------------------------------------------|--------------|-----------|--------------|
| Refundable Federal income tax attributable to: |         |      |         |
| Current Operations                             | $            | 218,000   |         | $ | 3,060 |
| Less: valuation allowance                      |         | (218,000) |         |   | (3,060) |
| Net provision for Federal income taxes         | $            | 0         |         | $ | 0 |

|                                | May 31, 2010 |      | May 31, 2009 |
|-------------------------------------|--------------|-----------|--------------|
| Deferred tax asset attributable to: |         |      |         |
| Net operating loss carryover        | $            | 313,000   |         | $ | 74,100 |
| Less: valuation allowance           |         | (313,000) |         |   | (74,100) |
| Net deferred tax asset              | $            | 0         |         | $ | 0 |

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| Year ended February 28, 2011 |   | $      | 30,960  |
|------------------------------|--------|--------|---------|
| 2012                         |   |   | 70,448  |
| 2013                         |   |   | 72,564  |
| 2014                         |   |   | 37,152  |
| Total                        |   | $      | 211,124 |

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|   | • |   | Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; |
|--------|---------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • |   | Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. GAAP, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and |
|--------|---------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • |   | Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements. |
|--------|---------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Item 

Item 

Item 

| Exhibit Number | Description of Exhibit                                                                                                                                                            |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1           | Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             |
| 31.2           | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                 |
| 32.1           | Certification of Principal Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

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|   | XZERES Wind Corp.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Date:  | July 8, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | By:       /s/ S. Clayton Wood                                                                              S. Clayton WoodTitle:    Principal Executive Officer, Chief Operating Officer and President |