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WorldWater And Solar Technologies Sign Letter Of Intent For Large Solar Farms In Spain

by Staff Writers
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."

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Californians For Clean And Reliable Energy Call For Support Of Sunrise Powerlink
Sacramento CA (SPX) Jul 23, 2007
Highlighting the importance of new electric transmission to the State of California, leaders of Californians for Clean and Reliable Energy (Cal-CARE) have announced their support of the Sunrise Powerlink, a 150-mile transmission line that would deliver reliable and renewable power from the Imperial Valley to San Diego and help avoid more than one million metric tons of carbon dioxide emissions.

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