WorldWater Receives LOI for 3-MW Solar Farm

WorldWater & Solar Technologies Corp. announced that the company has received a Letter of Intent (LOI) from Ingenium Energetica S.L. to construct a 3-megawatt (MW) solar farm in Aragon, Spain. The project is expected to be completed by mid-2008.

The new LOI is in addition to the 10-MW project previously announced with M&G Promociones de Vivienda Urbana S.A. as the first segment of plans to build 130-MW over five years. WorldWater will use single-action tracking flat plate technology for the 3-MW Ingenium project but is planning to use the ENTECH 20X concentrator PV technology (CPV) on other projects when its 50-MW production plant in Texas, now in early construction, and a planned assembly operation in Spain begin delivering product in volume, which is expected in April 2008.

“We are very pleased to be able to partner with WorldWater & Solar Technologies on this important venture,” said Pedro Maqueda Suñer, COO and Chief Engineer of Ingenium. “This solar farm will be our first, although we are very experienced in large construction and public works projects, so it is good to have WorldWater, with its extensive experience as a major solar integrator and developer, as our implementer.”
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