Ewing, NJ [RenewableEnergyAccess.com] WorldWater & Solar Technologies Corp., developer and marketer of proprietary high-power solar systems, and ENTECH, Inc., a high- tech supplier of solar technology to NASA for space operations, announced yesterday plans for ENTECH to merge with and into a wholly owned subsidiary of WorldWater.
Starting immediately, the company will begin construction of a 50-megawatt (MW) plant in Spain, expected to be producing ENTECH 20x concentrator solar systems in the second quarter of 2008.
WorldWater recently signed a Letter of Intent with the Spanish firm M & G Promociones for installation of ENTECH systems for 10 MW in 2008, 10 MW in 2009, 10 MW in 2010 and 50 MW in each of 2011 and 2012. WorldWater also has signed an agreement with Prime Solar Senergy S.L. of Madrid and Barcelona to represent the company in obtaining further business in the burgeoning Spanish solar market.
“This year, we’ve seen explosive interest and tremendous growth opportunities in large solar installations, particularly in places like Spain and the Southwestern United States, and we are now in a position to take the lead in providing multi-megawatts of electricity for major projects,” said Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies.
Dr. Walter Hesse, CEO of ENTECH, commented, “ENTECH’s 20x patented concentrator technology combined with WorldWater’s proprietary control devices allow for the installation of large solar farms with greatly reduced requirements for solar cell materials, and decreased reliance on rebates or other incentives for the funding of economically competitive installations.”