Downdraft Tower Will Produce Abundant, Inexpensive electricity
The Company has successfully managed to downsize and economize the Tower, reducing expected capital costs and improving projected financial performance. The Company recently announced the completion of weather data models that confirm the first tower height can be lowered from 3,000 feet down to 2,250 feet. This development was made possible by utilizing our recently announced software which can calculate and predict energy production by our Solar Wind Downdraft Towers given local weather data. By feeding the weather data for southwestern Arizona/ Northern Mexico into the program, the Tower's height and diameter can be adjusted along with the amount of water added as fuel to create a desired amount of energy. The outcome dictates the optimum size of the Towers height and width.
Under the most recent design specifications, the first San Luis Tower is expected to have a design capacity on an hourly basis, of up to 1,250 megawatt hours, gross. Using a 60% capacity factor, we expect the Tower's potential hourly yield equates to 600 megawatt hours, from which approximately 18.5% will be used to power its operations, yielding approximately 500 megawatt hours available for sale to the power grid. Factoring in lower capacities during winter days, the average daily output for sale to the grid for the entire year is approximately 435 megawatt hours per day. Currently in California avoided costs are running approximately $0.11 per kilowatt hour. As an independent power producer of clean renewable energy, the Company will be selling power directly to the power grid rather than directly to consumers.
In addition to constructing Solar Wind Downdraft Towers in the United States and abroad, the Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for electricity. Solar Wind Energy has assembled a team of experienced business professionals, engineering and scientific consultants with the proven ability to bring the idea to market. Solar Wind Energy has filed and been issued patents that the Company believes will further enhance this potentially revolutionary technology. Solar Wind Energy, Inc. is based in Annapolis, MD, and is traded on the OTCQB under the symbol 'SWET'. For more information visit www.solarwindenergytower.com
About Providence Energy Corporation
Providence Energy Corporation is a national leader in the domestic unconventional natural gas plays and was one of the first on the ground in the Marcellus Shale in Pennsylvania and West Virginia. The company has been primarily focused on buying oil and gas properties across the country and partnering with well-known operators such as Chesapeake Energy, Chief Oil & Gas and Chevron to develop the resources. Providence has also been pursuing diversified sources of alternative energy for several years and is currently developing waste-to-energy, hydropower, wind, and solar projects across North, Central, and South America. The company's oil and gas properties are managed by the subsidiaries Providence Minerals LLC, PEC Minerals LP, and Somerset Minerals LP. Cheyenne, a recently formed Exploration and Production arm, has secured over 1 million leasehold acres in the Mississippi Lime formation in Kansas and Oklahoma. Providence Renewables, LLC, led by Michael P. Childers, is primarily focused on developing, owning, and operating Waste-to-Energy, Biomass, and Hydro-Electric power plants both domestically and internationally. Through the subsidiaries Synergy Renewables, LLC and Hydro Green Energy, LLC, the company has quickly become a major player in these emerging alternative energy markets. Synergy Renewables finances, designs, permits, constructs and operates its projects facilities utilizing solid waste generated by municipalities and disposed of by local governments. Synergy is a joint venture between Providence and BP Capital/Mesa Power and brings a wealth of energy knowledge and experience to the sector. www.synergyrenew.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).
Solar Wind Energy, Inc.
1997 Annapolis Exchange Parkway
Annapolis, Maryland 21401
Phone: (310) 497 8817
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