Company partners with Defense Expert to pursue and secure
Power Purchase Agreements for AZ Tower project
ANNAPOLIS, MD - October 09, 2014 - InvestorsHub
NewsWire - Solar Wind Energy Tower, Inc.
(OTCQB:
SWET) (the "Company"), the inventor of large
Solar Wind Downdraft Tower structures capable of producing
abundant, inexpensive electricity, today announced that it is
pursing certain potential Power Purchase Agreements (PPAs) within
the U.S. Department of Defense, and has engaged the services of
Santiago ‘Rico’ Vaca, the founder and senior principal at S Vaca
& Associates L.L.C., a firm specializing in defense and
national security, to guide and represent the Company in its
pursuit of that key objective.
A proven government relations executive, national security
expert, and retired military officer, Mr. Vaca advises clients on
federal challenges associated with national security programs, from
both operational and commercial perspectives. He retains a diverse
skill set to include detailed knowledge of Department of Defense
programs, budgets, and policies across the Services, with emphasis
on procurement, research and development, operations &
maintenance, and their associated funding processes.
As a Teaming Partner of the Company, Mr. Vaca and his firm will
provide strategic advisory and consulting services, lending his
expertise and advice on entry into the U.S. Department of Defense.
He has committed to focus his best efforts and due diligence on
attaining Power Purchase Agreements for the Company with one or
more Services within the Department of Defense.
Ronald Pickett, CEO, Solar Wind Energy Tower, Inc. commented,
“Our business model from the beginning has always been to seek out
the best-in-class consultants in the world to support our efforts
to bring the first Solar Wind Energy Tower to market - and the
engagement of Mr. Vaca is no exception. The Company has been in a
quiet period over the past several months awaiting the final SEC
approval on our S-1 Registration Statement, which was received just
yesterday. During these months, however, we have been working
diligently to ensure our first Tower project in San Luis Arizona
comes to fruition. Power Purchase Agreements are a cornerstone for
the development and success of this project. To partner with and
engage such a high caliber defense and national security expert as
Mr. Vaca in this mission gives us great confidence that we will
succeed. I have known Mr. Vaca for several years and he was an
integral part of the initial plan to offer alternative energy from
the Arizona site to the Department of Defense.
Santiago Vaca, President of S Vaca & Associates L.L.C.
commented, “I am delighted to have the opportunity to become one of
the Solar Wind Energy Tower, Inc. expert Teaming Partners and to
utilize my skills and expertise to help secure Power Purchase
Agreements for this incredible game changing alternative energy
technology and future resource.”
About Solar Wind Energy Tower, Inc.
Founded in 2010, Solar Wind Energy Tower, Inc., and its wholly
owned commercializing subsidiary, Solar Wind Energy, Inc., is the
inventor of the patented Solar Wind Downdraft Tower, which uses
state of the art technologies and construction systems to produce
abundant, inexpensive electricity, 24 hours a day, 7 days a week,
and the Energy Generation Calculator software which can calculate
and predict energy production of a Tower given a site's local
weather data. The Company secured the site for its first Tower
project in the U.S. in the City of San Luis, Arizona which may be
ready for operation as soon as 2018. Under the most recent
design specifications, the first Tower in San Luis, Arizona has a
design capacity on an hourly basis of up to 1,250 megawatt hours,
gross. The Company is also focused on licensing its development
know-how and establishing partnerships at home and abroad to
propagate Tower development projects in return for licensing 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.
The Company's core objective and focus is to become a leading
enabler of clean, efficient renewable energy to world communities,
at a reasonable cost, without the destructive residuals of fossil
fuels, while continuing to generate innovative technological
solutions to meet tomorrow's electrical power needs. Solar Wind
Energy has filed and been issued patents that the Company believes
will further enhance this potentially revolutionary technology.
Solar Wind Energy Tower, Inc., based in Annapolis, MD, is traded on
the OTCQB under the symbol “SWET'.
For more information visit http://www.solarwindenergytower.com, http://www.facebook.com/pages/Solar-Wind-Energy-Tower/, www.facebook.com/pages/Solar-Wind-Energy-Tower/, and
www.twitter/SWETower.com.
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