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WorldWaterSigns $7.8 Million Contract to Supply Solar Electric Power

WorldWater & Power Corp. (OTC BB:WWAT.OB)announced it has signed a contract for $7.8 million with Farm ACW of Fallbrook, California, to install solar electric systems to power the avocado ranch operations. The new contract brings the total of projects signed in 2005 to $12.2 million, compared to total revenues in 2004 of $5.8 million. The contract is subject to certain conditions, including securing grid interconnections with San Diego Gas & Electric. The Company has already begun this process and expects approval of the interconnection by Summer 2005. The contract with the avocado farm means WorldWater now has four projects in or preparing for operation in California and New Jersey, including two water utilities — Atlantic County Utilities Authority in New Jersey and Idyllwild Water District in California — and two California agricultural projects — Cocopah Tree Farm and Farm ACW. “We believe Farm ACW will be the largest farm operation to be powered by solar systems anywhere in the world, replacing a Megawatt diesel generator now being used for power,” said Quentin T. Kelly, Chairman and CEO of WorldWater & Power Corp. Website: [sorry this link is no longer available]     

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House Punts on Efficiency, Senate Looking Better

In April, the U.S. House of Representatives passed a comprehensive energy bill that does relatively little to promote energy efficiency. According to ACEEE’s analysis, this bill will produce only about 57% of the energy savings of the bill passed by the House last year. The reduction in energy savings is primarily due to the fact that tax incentives for efficient new homes, commercial buildings, appliances, and combined heat and power (CHP) plants included in last year’s bill were dropped this year. Savings were also lost because the House gutted a provision in last year’s bill calling on DOE to set efficiency standards for ceiling fans. However, the House bill will produce some savings, primarily from new efficiency standards on half a dozen products, tax incentives for upgrades to existing homes, an expansion of daylight savings time, and R&D efforts and direction to redesign the appliance “Energy Guide” label. The Senate energy bill is looking better, with markup scheduled to begin May 17. The Senate is likely to add half a dozen additional consensus efficiency standards to the House bill that ACEEE helped negotiate. The Senate is also likely to add back in many, if not all, of the efficiency tax […]

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