ANNAPOLIS, Md., Dec. 3, 2012 /PRNewswire/ -- Clean Wind Energy Tower, Inc. (OTCBB: CWET) (the "Company") announced today that on December 28th, 2012 the City Council of San Luis, Arizona voted unanimously in favor of Major Amendment Case 20112-0165, approval of a change in the City of San Luis 2020 General Plan from Ranchette and Border Buffer to Industrial for 880 acres paving the way for a second Tower and assembly facility on San Luis, AZ.
Previously on May 23rd, 2012 the City Council of San Luis, Arizona held a final hearing on the zoning and voted unanimously in favor of zoning a parcel of land within the San Luis City limits for the construction of Clean Wind Energy's innovative green renewable energy Downdraft Tower Facility. In a separate and additional action, the City Council approved an agreement for protected development rights with Clean Wind Energy, Inc., facilitating the entitlement to develop a second Tower on the subject property.
This alternative energy project will bring significant employment opportunities and economic stimulus to San Luis, Arizona and a number of U.S. industries. The San Luis location incorporates plans for two (2) Downdraft Towers and a component parts Assembly Plant. The Company anticipates that during the Downdraft Tower's construction phase, several thousand construction, transportation and manufacturing jobs will be created. Once placed in service, each Tower should generate as many as 1,000 permanent jobs.
Downdraft Tower Will Produce Abundant, Inexpensive electricity
The Company has successfully managed to downsize the Tower-reducing capital costs and improving projected financial performance. The Company recently announced the completion of weather data models that confirm that 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 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 has a projected output capacity, on an hourly basis, of up to 850 megawatt hours, gross. Using a 60% capacity factor the Tower's potential hourly yield would be 510 megawatt hours from which, approximately 20% will be used to power its operations, yielding approximately 408 megawatt hours available for sale to the power grid. 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 not be selling power directly to consumers but rather to the grid.
Clean Wind Energy's business plan is to enable the global development of Towers by partnering, consulting, and licensing with substantial potential developers worldwide. Kroll Cranes can be manufactured to meet demand. Steel can be supplied worldwide to meet demand, and upon completion of the turbine designs, the generators and other standard parts can be supplied around the world. Clean Wind Energy can now evaluate potential Tower sites and advise and predict the amount of electricity that can be produced in that region. Multiple Towers can be deployed in "Compounds" using the same cranes, water source, delivery, manufacturing and construction systems and labor forces.
About Clean Wind Energy, Inc.
Clean Wind Energy, Inc. a wholly owned subsidiary of Clean Wind Energy Tower, Inc, has designed and is preparing to develop, and construct large "Downdraft Towers" that use benevolent, non-toxic natural elements and operate with virtually no carbon footprint, fuel consumption, or residual waste to generate electricity and clean water economically by integrating and synthesizing numerous proven as well as emerging technologies. This technology will generate clean, cost effective and efficient electrical power without the damaging effects caused by using fossil or nuclear fuels, and other conventional power sources.
The Company's core objective and focus is to become a provider of clean efficient green energy to the world communities at a reasonable cost without the destructive residuals of fossil fuel, and to help broker the chasm between both, while continuing to generate innovative technological solutions for today and tomorrow's electrical power needs. In addition to constructing 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 clean water and electricity. Clean Wind has assembled a team of experienced business professionals, engineers and scientists with access to the breakthrough energy research upon which this technology is founded and the proven ability to bring the idea to market. Clean Wind Energy, Inc. has filed several patents that the Company believes will further enhance this potentially revolutionary technology. Clean Wind Energy, Inc. is based in Annapolis MD, and is traded on the OTCBB under the symbol 'CWET'. For more information visit www.cleanwindenergytower.com
Clean Wind Energy, Inc.
1997 Annapolis Exchange Parkway
Annapolis, Maryland 21401
Phone: (855) 848-6937
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. 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 net revenues 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).
SOURCE Clean Wind Energy Tower, Inc.