BPS Alerts on Solar Wind Energy Tower Inc (OTCMKTS:SWET)

On 24^th October’14, BrilliantPennyStocks.com initiated coverage on SWET. The stock moved up by 23.53% since the coverage was initiated.

Solar Wind Energy Tower Inc (OTCMKTS:SWET) it appears is on an expansion note via small cap traders. According to reports one of Solar Wind Energy subsidiary- Arizona Green Power has applied to the California Energy Commission for Renewable Portfolio Standard pre-certification. It involves the use of renewable fuel and its commercial viability in line with Renewable Portfolio Standard.

Pre-Certification

Solar Wind Energy Tower Inc (OTCMKTS:SWET) subsidiaries move for a pre-certification to enable the Energy Commission to verify the information once the facility is completed at the San Luis Arizona Energy Tower Project. Arizona shall be the owner and operator of the facility.

Solar Wind Energy Tower Inc (OTCMKTS:SWET) need to remain compliant with California’s Renewable Portfolio Standard statues. The statue states that all sellers of electricity in California should source a part of the electrical retail sales from renewable resources in a pre-determined ratio. This is applicable to publically owned utilities as well as investor owned utilities or electric service providers on a uniform basis, as per the statute.

Renewable resources used should be 25% by the year ending 2016, 33% by the end of 2020, the notification states. The factor which SWET is concerned with in this project is that the procurement cannot be included as part of the PRS utility obligation. However, if is certified to by California Energy Commission as being RPS-eligible then procurement requirement for San Luiz, AZ Tower will be completed.

AZ Tower Specifications

For Solar Wind Energy Tower Inc there are technical specifications of the San Luis, Arizona Tower Project worth highlighting. The energy tower specifications of 2,250 feet will have a hollow concrete building and follows hyperbolic design principles. More importantly it has sought to pursue Power Purchase Agreements with US Department of Defense

Small Caps Green partner

Analyst comment that the 20-storey high towers are designed for generating high quantities of energy per day and is most likely to emerge as the partner to utility and small cap companies to comply with government’s green regulations.

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