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Electric System for California Avocado Farm
June 27, 2006 10:49:18 (ET)
PENNINGTON, N.J., Jun 27, 2006 (BUSINESS WIRE) -- WorldWater & Power Corp. (OTCBB:WWAT.OB), a developer and marketer of proprietary high-power solar systems, today announced that the company is breaking ground this week on its largest project to date, the $7.8 million Farm ACW avocado ranch project in Fallbrook, CA. Construction for the system, approximating one megawatt in size, is anticipated to be substantially completed before the end of this year. Farm ACW is a leading avocado grower with over 50,000 trees, which will likely become the largest farming operation in the world to be powered by solar energy.
"All financing and permitting matters have finally been resolved after a year spent on several complex permit issues specific to this project," said Quentin T. Kelly, Chairman of WorldWater & Power. "The rebate has also been approved by the San Diego Renewable Energy Office, and WorldWater has already begun receiving payment from the client for its services. We look forward to completing this very significant project as expeditiously as possible for Farm ACW, transforming their avocado operations into a model of sustainable energy and smart agricultural development."
With the start of ACW, the company also reported that it has completed four major projects in 2006 and currently has the following additional projects under construction or in the pre-engineering phase: Valley Car Wash (CA); Voorhees School District (NJ); Richard Stockton College (NJ); an architectural model home in Rancho Santa Fe (CA); and a commercial building rooftop installation in Sewell (NJ). In addition, WorldWater has several residential solar operations underway in California and New Jersey. Overseas, the company is constructing six solar water village systems in Sri Lanka for the U.S. Trade and Development Agency.
About WorldWater & Power Corp:
WorldWater & Power Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Power Corp., visit the website at www.worldwater.com.
SOURCE: WorldWater & Power Corporation
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WorldWater & Solar Technologies Announces Signing of Letter of Intent for Large Solar Farms in Spain WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-power solar systems, today announced that the Company has signed a Letter of Intent with M&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&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.”
About WorldWater & Solar Technologies Corp:
WorldWater & Solar Technologies Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.
About M&G Promociones de Vivienda Urbana S.A.
With head offices in Madrid, M&G Promociones (CIF A81968018) is a real estate development company with principal land and housing development projects in Madrid, Valencia and Murcia provinces.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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