The Arizona Alternative Energy Center (AAEC) is currently in the approval stages to be an EB-5 Regional Center by the U.S. Citizenship and Immigration Service (USClS).
Putting the cart before the horse, isn't it?
Solar Wind Energy Tower, Inc. (OTCQB: SWET) (the "Company"), the inventor of large Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive electricity, re-announced that its subsidiary, Arizona Green Power LLC, ("Greenpower") has entered into a Benefits and Services Agreement with Arizona Alternative Energy Center, LLC ("AAEC").
Under the terms of the Benefits and Services Agreement, AAEC will raise up to $100 Million Dollars of development capital for the San Luis, AZ Tower Project through the Federal EB-5 Visa Direct Investment Program which fuels hiring and economic growth in U.S. cities and in other counties. Greenpower will acquire the funding from AAEC in the form of a five year loan.
