Last updated on May 1st, 2016 at 04:05 am
Solar Wind Energy Tower, Inc. is the innovator and creator behind the only hybrid solar-wind technology in the market today named Solar Wind Downdraft Tower. The simplicity of Solar Wind Energy’s revolutionary solution lies in its ability to harness the natural power of a downdraft created when water is introduced to hot dry air within the confines of the company’s patented tower structure.
Solar Wind Energy’s Tower is unique in that it does not have any operational limitations in terms of time. It’s capable of operating around the clock, 24 hours per day, seven days per week in contrast to the operational limitations with solar collectors that work only when the sun shines and with wind turbines that work only when the wind blows. Boasting a small footprint compared to other wind or solar solutions and with a much lower capital cost per Megawatt, Solar Wind downdraft tower technology can truly impact the production of and investment in clean energy.
Recently an independent renowned economist completed an “Economic Impacts” report of the Company’s Arizona Tower project. The report concludes that the impact of the project using IMPLAN guidelines is 19,588 jobs, $1 billion of labor income, $1.673 billion in value added contributions to the Gross Regional Product, and $2.8 billion in industry output or revenues within the study region. Following this report, a formal Business Plan was completed supporting $200 million EB-5 of financing.