REDCO Chooses IAUS To Supply Technology for Solar Thermal Projects

Renewable Energy Development Corporation (REDCO) has chosen to use International Automated Systems’ (IAUS) solar thermal technology on all of the solar developments in its pipeline. REDCO and IAUS have formed a strategic relationship where REDCO will use the IAUS technology on all of its planned solar developments and IAUS will provide REDCO the right to purchase 1,000 megawatts (MW) of its solar equipment over the next 5 years at favorable terms.

REDCO plans to purchase 5 MW of solar thermal equipment, including bladeless turbines from IAUS for the construction of a solar project in the Mojave Desert California area.  REDCO hopes to break ground on the project this summer and estimates a project completion of 2010.

The project is expected to cost US $20-30 million. Upon completion, REDCO will begin working on a 49-MW solar project in the same region that it plans to bring online in 2011. The estimated cost of the second project is $100-$120 million.

REDCO has aggregated and secured long-term land leases on over 20,000 acres of land for renewable energy projects (wind and solar) in Utah, California, Texas, Wyoming and New Mexico. With a combined potential of approximately 1,000 MW of solar and 700 MW of wind, REDCO said that it is poised to capitalize on the growing demand for clean energy.

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