,
procurement, construction and the operation of a Tower Facility. Solar
Wind Energy will also assist Cobracrest with the technical and
feasibility studies as well as presentations necessary for proposals to
the Government of Chile and the Ministry of Energy along with potential
project participants. The Memorandum of Understanding outlines terms of
the license fee for Copiapo and Caldera in Chile, as well as specific
recurring royalties and fees for each Tower Facility within the
territory.Ronald Pickett, CEO, Solar Wind Energy Tower, Inc. commented: "We are pleased to have formed this relationship with Cobracrest. We have worked diligently for over three years assembling the team, techniques, and knowhow to enable this clean alternative energy solution to be brought to market. Our business plan
has always been to enable developers to materialize projects across the
globe where weather conditions are most suitable. These regions of
Chile provide prime environments for the Tower, and the desire and need
for power in Chile is extremely high."About Solar Wind Energy, Inc.
Solar Wind Energy, Inc. ("Solar Wind Energy"), a wholly owned subsidiary of Solar Wind Energy Tower, Inc., was established to utilize proven and validated scientific principles, combining them with state of the art construction systems to enable the development and commercialization of large Solar Wind Downdraft Tower structures that produce abundant, inexpensive electricity. Our Company's core objective and focus is to become a leading enabler of clean, efficient green energy to the world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative
technological solutions for tomorrow's electrical power needs. The
Company intends to establish partnerships at home and abroad to
propagate Tower Projects and meet the increasing global demand for
electricity. The Company does not intend to own the projects. The
business plan includes receiving license fees for territories,
development fees during construction, and recurring royalty fees based
on the actual kilowatt hours produced by the Tower. Solar Wind Energy
has assembled a team of experienced business professionals, engineering
and scientific consultants with the proven ability to bring this
solution to market. Solar Wind Energy has filed and been issued patents
that the Company believes will further enhance this potentially
revolutionary technology. Solar Wind Energy, Inc., based in Annapolis,
MD, is traded on the OTCQB under the symbol 'SWET'. For more information
visit www.solarwindenergytower.comInnovative Renewable Hybrid Solar / Wind Energy Technology
We view ourselves as a hybrid solar/wind technology, reflected in the name, Solar Wind Energy Tower, Inc. The simplicity of our solution is comprised of harnessing the natural power of a downdraft created within the confines of our Solar Wind Downdraft Tower structure, a hollow cylinder reaching skyward into the hot, dry atmosphere heated by the solar rays of the sun. The water introduced by the injection system near the top of the Tower evaporates and is absorbed by the hot, dry air. The air becomes cooler, denser and heavier than the outside warmer air and falls through the cylinder at speeds up to and in excess of 50 mph and is diverted into wind tunnels surrounding the base of the Tower where turbines inside the tunnels power generators to produce electricity.
Abundant, Clean, Affordable Electricity Production
The Company has successfully managed to economize the Tower, reducing capital costs and improving
projected financial performance. This development was made possible by
utilizing our recently announced software which can calculate and
predict energy production by our Solar Wind Downdraft Towers given local
weather data. By feeding the weather data into the program, the Tower's
height and diameter can be adjusted along with the amount of water
added as fuel to create a desired amount of energy. The outcome dictates
the optimum size of the Tower's height and width.Under the most recent design specifications, the first San Luis Tower has a design capacity on an hourly basis, of up to 1,250 megawatt hours, gross. Due to lower capacities during winter days, the average hourly output per day for sale to the grid for the entire year is approximately 435 megawatt hours.
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute "forward-looking statements". Actual results may differ materially from those projected in forward-looking statements. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate revenues, if any, due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's various filings with the Securities and Exchange
Commission (SEC).Contact:
Solar Wind Energy, Inc.
1997 Annapolis Exchange Parkway
Suite 300
Annapolis, Maryland 21401
Phone: 410-972-4713
E-mail: Info@swetower.com
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1 comment:
Interesting. Thank you for sharing this article. I'm a Business Management student and I wish to understand more about how this event can affect the businesses in Chile in general.
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