Solar Wind Energy Tower, Inc. Extends Rights to Develop Energy Towers in Africa

May 27, 2014 by  
Filed under Green Energy News

ANNAPOLIS, MD, May 27, 2014 (Marketwired via COMTEX) –
Solar Wind Energy Tower, Inc. (otcqb:SWET) (the “Company”), the
inventor of large Solar Wind Downdraft Tower structures capable of
producing abundant, inexpensive electricity, announced today that it
has entered into a Memorandum of Understanding with Invest Africa,
Inc., a Florida corporation, including subsidiary companies: Invest
Africa Nigeria (Pty) Ltd., Totem Pitch Investments (Pty) Ltd.,
(Botswana), and Invest Energy Services (Pty) Ltd. (Namibia) referred
to collectively herein as “IAI”, which granted IAI a “Negotiations
Period” for rights to license trade secrets, patents, and knowledge
from Solar Wind Energy. During the “Negotiations Period” IAI has the
exclusive right to hold itself out in Namibia and Botswana, Africa
and to enter into a long term “Definitive Agreement” with Solar Wind
Energy to use the rights to develop Solar Wind Energy Downdraft
Towers in Namibia and Botswana, Africa.

Under the “Definitive Agreement” Solar Wind Energy will provide
technical support and personnel to advise and assist IAI in project
development, design, procurement, construction and the operation of a
Tower Facility. Solar Wind Energy will also assist IAI with the
technical and feasibility studies as well as presentations necessary
for proposals to the agreed upon nation’s Government ministries and
potential participants in the project(s). The Memorandum of
Understanding outlines terms of the license fees for Namibia and
Botswana, Africa, as well as specific recurring royalties and fees
for each Tower Facility within the territory.

Ronald Pickett, CEO, Solar Wind Energy Tower, Inc. commented: “We are
pleased to have formed this relationship with IAI. We have worked
diligently for over three years assembling the team, techniques, and
know how to enable this clean alternative energy solution to be
brought to market. Our business plan is to enable developers to
materialize projects across the globe where weather conditions are
most suitable. The IAI regions in Africa also provide prime
environments for the Tower, and the desire and need for power in
Africa is extremely high. Since our recent announcement that the
Company has secured the site for its first Tower project in Arizona,
we’ve been interviewing candidate companies interested in pursuing
international opportunities. The Company is now focusing on the
Middle East as the entire area is ideal to support Tower projects and
we are evaluating a number of potential alternatives”.


INVEST AFRICA, INC. (IAI) USA was formed to raise capital to fund
and develop African mineral and energy projects that are required to
stimulate additional development capital investments. Our
specialization reduces traditional African obstacles and gives us a
business advantage that opens equity opportunities for our company(s)
and our underpinning global financial institutional and private

our resource and project development services. IAES has secured a
legacy of projects that will provide lucrative opportunities for the
company and its investment partners. Our experienced executive team
brings together a network of accredited international lenders and
investors acquired over many years. For example, IAES’s platform
sources the capital requirements necessary for African concession
holders to develop their resource and mineral holdings.

IAI and IAES mining investments are focused on development of rare
earths, gold, diamonds and other high yield strategic mineral
resources. Our African Energy Development Service Partnerships allow
us to bring investment funding for oil exploration and petroleum
related services, including large scale renewable energy production
programs utilizing solar, bio-mass, wind, thermal and tidal power
generation. Invest Africa holds governmental authority and licenses
to trade and export high yield commodities i.e., gold, diamonds,
crude oil and crude oil products. Our construction relationships are
working with international developers who bring state of the art
infrastructure solutions that utilize alternative building materials
to construct affordable low and middle income housing.

Invest Africa has secured trade licenses and infrastructure
contractual agreements. In addition the company has developed short
term equity participation programs for rough diamond investments. Our
programs are mutually beneficial for our African and our
international capital investors, as well as the governments and
working populations. Several African countries have engaged our
services and appointed the firm as exclusive consultants for
developing new business models to stimulate and enhance the influx of
foreign financial investment.

The foreign investment market is poised to secure a stake in Africa’s
infrastructural and public works development. Africa’s infrastructure
development has become an attractive emerging market. China’s
aggressive foreign investments in African projects shows sound
initiatives accumulating safe and prudent long term investment venues
for their Sovereign and private capital reserves.

Designed to engage businesses within the countries of origin, Invest
Africa’s projects require investment by IAI’s local company in each
nation under government regulations. IAI’s support allows IAES to
lead facilitation of ground floor acquisitions, contracts, joint
ventures and mandates. By spearheading local participation, Invest
Africa Energy Services (Pty), Ltd. builds a strong base awarded to us
through our strategic efforts and relationship development in several
key African nations.

Invest Africa’s exclusive agreements give us advantages over the
competition in this new Africa. We are poised to reward our investors
through the implementation of multiple high-yield projects and
programs. Invest Africa’s awarded diamond license gives IAI unique
access to intact depositories of gem quality rough diamonds with
export permits from rich diamond producing countries in Africa. Our
access to other commodities, minerals, petrochemicals, crude oil, as
well as continued engineering and construction project development,
have long term capitalization growth and finance ROI’s.

About Solar Wind Energy Tower, Inc.
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. The Company secured the site for its first tower project in the
U.S. in the City of San Luis, Arizona and may have its first Tower
ready for operation there as soon as 2018. Aside from the development
of this Tower, the Company is focused on licensing its development
know-how and establishing partnerships at home and abroad to
propagate Tower projects and in turn, receive 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 the 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,
Inc., based in Annapolis, MD, is traded on the OTCQB under the symbol

For more information visit

Innovative Renewable Hybrid Solar / Wind Energy Technology
simplicity of the Company’s hybrid solar/wind technology solution is
found in its ability to harness the natural power of a downdraft
created within the confines of its Tower structure, a hollow cylinder
reaching skyward into the hot, dry atmosphere heated by the solar
rays of the sun. The water introduced by the injection system near
the top of the Tower evaporates and is absorbed by the hot, dry air.
The air becomes cooler, denser and heavier than the outside warmer
air and falls through the cylinder at speeds up to and in excess of
50 mph. The air is then diverted into wind tunnels surrounding the
base of the Tower where turbines inside the tunnels power generators
to produce electricity.

The Company has successfully managed to economize the Tower, reducing
capital costs and improving projected financial performance. This
development was made possible by utilizing the Company’s Energy
Generation Calculator software, which can calculate and predict
energy production of a Tower given a site’s local weather data. By
feeding the weather data 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 Tower’s height and width. 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. Due to lower capacities during winter days, the average hourly
output per day for sale to the grid for the entire year is
approximately 435 megawatt hours/hr.

Cautionary Note Regarding Forward-Looking 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
        Suite 300
        Annapolis, Maryland 21401
        Phone: 410-972-4713

SOURCE: Solar Wind Energy Tower, Inc.

(C) 2014 Marketwire L.P. All rights reserved.

Comments are closed.