EnviroMission said Friday the development funds for a concentrated solar power (CSP) tower in India have been secured and are pending release by an unnamed international bank.
Project finance for the first of a planned number of concencentrayed solar power towers in India has been committed to the Indian business.
The solar tower, a type of concentrated solar power (CSP) system, produces power from solar heated air without using water.
When completed in 2015, the concentrated solar power, located in La Paz County, will be the tallest building in the world. It is the first of two such towers planned by EnviroMission for Arizona.
EnviroMission has secured a 200MW Power Purchase Agreement with the Southern Californian Public Power Authority to deliver power from the first of two planned Solar Tower Power developments in Arizona.
Huge tower will generate electricity using turbines, the sun's heat and a massive 2,600 foot chimney. Enough power will be generated to run 150,000 homes. Building will provide jobs for 1,500 people.
On January 20th, 2011 EnviroMission Ltd. (South Melbourne, Australia) announced that it has received an independent valuation at USD$60 million of its Solar Tower technology, associated intellectual property and developm