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Pennington NJ (SPX) Jul 23, 2007 WorldWater and Solar Technologies Corp has announced that the Company has signed a Letter of Intent with M and G Promociones de Vivienda Urbana S.A., a real estate developer in Spain, to build several solar farms in Lorca (Murcia), Spain over the next five years. The contract to be negotiated will reflect plans by M and G to build three 10-MegaWatt (MW) farms over the next three years, with implementation starting in 2008 - 10MW each year - along with two 50MW farms in the fourth and fifth years. Negotiations will begin within weeks in Madrid to conclude the contract, which will be subject to conditions including financing, licensing and other commercial and permitting issues. "This Letter of Intent represents a new phase of growth for WorldWater," stated Quentin T. Kelly, Chairman and CEO. "WorldWater has been chosen to provide complete turnkey systems and support for these massive solar electric farms in Spain, where renewable power is expected to provide long-term energy solutions with minimal environmental impact. "We look forward to announcing the final terms of this agreement and see this as a transformational event for our company - validating both our technology and leadership in the industry. We expect to incorporate the solar concentrator technologies of both ENTECH, Inc., the firm we have signed a Letter of Intent to acquire, and EMCORE Corp., the company which invested in WorldWater last year to terrestrialize its space technology, in these multi-megawatt projects." Community Email This Article Comment On This Article Related Links WorldWater and Solar Technologies All About Solar Energy at SolarDaily.com
NJIT Researchers Develop Inexpensive Ande Easy Process To Produce Solar Panels
Newark NJ (SPX) Jul 19, 2007Researchers at New Jersey Institute of Technology (NJIT) have developed an inexpensive solar cell that can be painted or printed on flexible plastic sheets. "The process is simple," said lead researcher and author Somenath Mitra, PhD, professor and acting chair of NJIT's Department of Chemistry and Environmental Sciences. "Someday homeowners will even be able to print sheets of these solar cells with inexpensive home-based inkjet printers. Consumers can then slap the finished product on a wall, roof or billboard to create their own power stations." |
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