Solar Wind Energy Tower, the inventor of large Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive electricity, today announced that it is pursing certain potential Power Purchase Agreements (PPAs) within the U.S. Department of Defense, and has engaged the services of Santiago 'Rico' Vaca, the founder and senior principal at S Vaca & Associates L.L.C., a firm specializing in defense and national security, to guide and represent the Company in its pursuit of that key objective.
A proven government relations executive, national security expert, and retired military officer, Mr. Vaca advises clients on federal challenges associated with national security programs, from both operational and commercial perspectives. He retains a diverse skill set to include detailed knowledge of Department of Defense programs, budgets, and policies across the Services, with emphasis on procurement, research and development, operations & maintenance, and their associated funding processes.
As a Teaming Partner of the Company, Mr. Vaca and his firm will provide strategic advisory and consulting services, lending his expertise and advice on entry into the U.S. Department of Defense. He has committed to focus his best efforts and due diligence on attaining Power Purchase Agreements for the Company with one or more Services within the Department of Defense.
Ronald Pickett, CEO, Solar Wind Energy Tower, Inc. commented, "Our business model from the beginning has always been to seek out the best-in-class consultants in the world to support our efforts to bring the first Solar Wind Energy Tower to market - and the engagement of Mr. Vaca is no exception. The Company has been in a quiet period over the past several months awaiting the final SEC approval on our S-1 Registration Statement, which was received just yesterday. During these months, however, we have been working diligently to ensure our first Tower project in San Luis Arizona comes to fruition. Power Purchase Agreements are a cornerstone for the development and success of this project. To partner with and engage such a high caliber defense and national security expert as Mr. Vaca in this mission gives us great confidence that we will succeed. I have known Mr. Vaca for several years and he was an integral part of the initial plan to offer alternative energy from the Arizona site to the Department of Defense.
Santiago Vaca, President of S Vaca & Associates L.L.C. commented, "I am delighted to have the opportunity to become one of the Solar Wind Energy Tower, Inc. expert Teaming Partners and to utilize my skills and expertise to help secure Power Purchase Agreements for this incredible game changing alternative energy technology and future resource."
Source: Solar Wind Energy Tower, Inc.
Date: Oct 9, 2014