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You realize they received a loan from JDF Capital for $1.5 million right?
New Solar Wind Project Moving Ahead in San Luis
https://news.azpm.org/p/nat-enviro-news/2014/9/12/44027-new-solar-wind-project-moving-ahead-in-san-luis/
No new info.
How can you tell the number of buys vs sells? Do you need Level 2 access for that?
Off the wall Summer 2014
http://www.resource.co/article/wall-summer-2014-6458
(small piece in middle of page)
A New Step Towards Renewable Energy in Chile
http://www.ilovechile.cl/2014/08/27/step-renewable-energy-chile/118356
Chile Is Poised To Pass South America’s First Carbon Tax
http://thinkprogress.org/climate/2014/08/28/3476946/chile-carbon-tax-2/
Renewable-energy project gives state fastest clean-energy job growth
http://cronkitenewsonline.com/2014/08/renewable-energy-project-gives-state-fastest-clean-energy-job-growth/
For Pickett salary, he's not taking full amount: (page 38)
Included in the amount is $218,767 and $103,382 of accrued salaries for Mr. Pickett for the years ended December 31, 2013 and 2012, respectively. In addition, the amount paid during the years ended December 31, 2013 and 2012 amounted to $84,615 and $81,467, respectively. $150,000 of the accrual has been converted into a note payable during the year ended December 31, 2012.
Same thing for Sadle:
Included in the amount is $167,032 and $101,971 of accrued salaries for Mr. Sadle for the years ended December 31, 2013 and 2012, respectively. In addition, the amount paid during the years ended December 31, 2013 and 2012 amounted to $109,939 and $75,292, respectively. $100,000 of the accrual has been converted into a note payable during the year ended December 31, 2012
Filing discusses Mexico:
Recently, the government of Sonora, Mexico, has offered to sell the Company (or designated developer) a site complete with all of the entitlements including the necessary water allocation. The Company and the government are investigating the access, and timing required to connect to the Mexican electrical grid. We are also investigating other privately owned sites in the same area with comparable attributes
Thanks for the upload. Listened to the whole thing...two things I didn't like.
1. When he said there had been a tower constructed in Spain, I'm not sure why he brought that up because as far as I'm aware that was an updraft tower, so no relation. Not a big issue, but it seems he's not as informed as he should be.
2. That old guy who got snappy when talking to the Civilian Airport Authority guy...the old guy wasn't the lawyer doing most of the talking and I think he's just a contractor, but if he's going to be talking to the public he simply cannot make condescending remarks like "you can sit there and smile all you want..." Made me cringe.
Nothing game changing though. Interesting to hear that they aren't looking at a second tower because of the lack of purchasers..don't see why it would be off the table completely though given the possibility of finding more buyers in the future. Also nice to hear about the orchard's water usage at 13,000 acre feet.
You could try uploading it to Youtube maybe.
Chile sees $105 billion mining investment from 2014-2023
http://www.reuters.com/article/2014/08/25/chile-copper-forecasts-idUSL1N0QV10E20140825
Actually I asked ThePaulinator cause he's the one who first said it. But anyone who knows the answer if free to answer it, of course.
Please delete this comment after reading it.
Interesting..I was actually under the assumption that humid air was denser than dry air.
But there are two points to consider (remember I'm no physicist)
1. "Said in another way, air with a greater percentage of water vapor will be less dense than air with a lesser percentage of water vapor at the same temperature."
So first the temperature would need to be the same, which is apparently not the case at least according to all the info we've received; the water injected is going to be cooler than the air.
2. The water injection method will deliver the water in small droplet form, like a mist..so it should be thicker than gaseous form.
If I'm correct, and hopefully I am, the misting at the top should create a barrier for the humid gaseous air that has absorbed all the water.
It'd be nice to get an answer from a chemist or physicist though.
I wonder if the colder temperatures at elevation will help with the downdraft...but it seems the water injected will need to be colder than the air (which can get cold at high elevations)
Whats a 911 trade?
Abengoa plans to invest $10,000 million in Chile within the next 10 years
http://www.csp-world.com/news/20140727/001354/abengoa-plans-invest-10000-chile-within-next-10-years
If they do put that much money in the country its cause they see the opportunity for what it is. They'd actually end up being a serious competitor in terms of energy output and final cost to the consumer.
C'mon SWET don't let us down!!
I asked Ron about this the one time I called in. He said they weren't looking at it for two reasons:
1. The amount of solar panels required to have any significant impact would be too large.
2. The maintenance of solar panels along the walls of the tower would be too costly/difficult.
I think I'm gonna take a break from the boards...hopefully in a week or so you guys will be done arguing.
Yeah thats the stuff....and it seems they've made some strides recently with the technology.
The point you make about how the first tower is only the first iteration is a good point, there's every reason to believe that the technology will be improved with time.
I posted earlier about new techs that could be applied here...one of them shows water droplets literally travelling uphill..pretty remarkable.
As for the seismic activity, that's probably my number 2 concern...imagine the PR disaster if a tower were to crumble to the ground after a big earthquake? I'm guessing they should have some computer simulations to predict what an earthquake will do...but thinking about it makes me wonder..how big would an earthquake have to be to destroy the tower or threaten the structural integrity. I've added it to my list of questions I'll either email in or wait for a shareholder conference call.
In Chile they are still waiting for the 150 year big one in the north.
I guess the level of humidity will depend on the % of water they are able to recapture...I would like to know what technologies they plan on using to recapture the water..but this info might be a trade secret right now.
There are some interesting new techs that mimic nature's ability to condense water from moist air...using a mix of hydrophobic and hydrophilic materials, using no energy to do so. My bet is they are planning on using this stuff..could be arrayed like a web at the exits of the tunnels.
Good read. The seismic issue will be especially important in Chile.
I like the idea of building it on dampeners.
Have you sent off that question to SWET yet? I'd also be interested in reading the response.
Wtf is all the arguing about? This whole argument is like a pissing contest...big waste of time.
If they don't have the water, there is the sea of cortez...what else do you want to hear?
I understand that there hasn't been any news recently and we're all getting a little antsy...if you don't like the deal after your DD than either sell your shares or don't buy any...pretty simple if you ask me.
If the town mayor saying "we have the water" isn't enough for you, please contact an expert and report back here. Having the board flooded with negative speculation is getting rather annoying.
Yes, you're as entitled as the rest of us to post, but please back up your concerns with more than mere speculation "what if". One time is fine...you've been answered...I'm not sure what else you're looking for.
Agreed..I'm not a fan of using ground water either. I think the best bets are the areas that will be desalinating sea water.
However, we should consider that farms in the area are already using the ground water, including the farm that existed on the land SWET will be occupying.
I know looking at other people's bad habits to justify our own is not ideal by any measure..however that's what we're looking at. Farms across the area are using groundwater to irrigate crops.
What I like about SWET, is unlike farm produce which gets trucked to areas across the country (thereby literally trucking water resources away), SWET will be recuperating most of the water and losing a portion to evaporation, but even that will be more localized than produce that gets shipped to the other end of the country.
I agree, this is also my number 1 concern.
However, from the research I've done, I'm pretty confident we should be ok.
http://www.defendproclaimthefaith.org/blog/wp-content/uploads/US-drought-july-17-20121.jpg
San Luis lies in the white zone..kind of an oasis in the drought area.
Worst case scenario if the well dries up, getting water from the Sea of Cortez will be back on the table. But, with the information we've been given by both SWET and the city of San Luis, that's not something we really need to worry about.
Well, so long as the information we've been given is accurate...they will be using half the water that the citrus orchard was using..so effectively they can have two towers and still be using the same amount of water as the land has been allocated. Plus none of the water is being shipped away..so I think we should be safe. We'll only know for sure when we see that first tower running though.
Actually in one of the conference calls, someone asked Ron why they weren't trying to own more sites. Ron's answer was that they didn't have enough money, but that if they had a partner with deep pockets it would be something they would look at.
I think the ideal situation is if there was both licensing deals and SWET owned towers to bring in revenue.
But obviously they need to do 1 tower first, proof of concept.
Not a bad guess. Mine is we may see a dividend once we have 3 or more licensing deals. But if SWET decides to use that money to instead finance the construction of a tower or two which would be owned by SWET, I wouldn't be opposed to that.
The prospect of dividends down the road makes me think I may only sell a small portion of my shares. I guess we'll have to see though.
What do ppl think about possible dividends?
I'm actually wondering about this myself, curious what people's opinions are in this matter.
What benchmarks do you think will need to be achieved?
How long might it take?
Care to guesstimate about how much we might see?
From SWET facebook page:
Solar Wind Energy Tower, Inc.
August 13
Planning Commission mtg last night went great. Passed votes 5-0. City Council mtg is next month. Stay tuned! #solar #wind #energy $SWET
$2.2 billion to power 140,000 homes...what a waste
btw, have you listened to the shareholder conference calls?
Someone already told you; there's a 1.5million loan that will go to pay off the convertible debt.
While as a shareholder I'd rather he live off baked beans and kraft dinner until this becomes profitable...I'm not really concerned. 80k doesn't seem egregious, not to me anyway.
Definitely not cause for me to sell.
If I remember correctly he took 80k cash of 200k salary...the rest to be reimbursed somehow.
As for the debt, what kind of start-up doesn't take on debt to fund their activity?
Saudi Arabia related articles:
Saudi Arabia may be the US in solar energy race
http://www.hydrogenfuelnews.com/saudi-arabia-may-us-solar-energy-race/8519124/
Middle East moves to embrace solar energy
http://www.hydrogenfuelnews.com/middle-east-moves-embrace-solar-energy/8513777/
Saudi Arabia launches new renewable energy initiative
http://www.hydrogenfuelnews.com/saudi-arabia-launches-new-renewable-energy-initiative/859194/
KSA boosts renewable energy investments
https://www.zawya.com/story/KSA_boosts_renewable_energy_investments-ZAWYA20140726041746/
Desert Solar conference: Saudi Arabia offers one of world's lowest solar power costs
http://www.solarserver.com/solar-magazine/solar-news/current/2014/kw33/desert-solar-conference-saudi-arabia-offers-one-of-worlds-lowest-solar-power-costs.html
Saudi Arabia Could Beat US To Low Cost Solar Punch
http://cleantechnica.com/2014/08/13/saudi-arabia-beat-us-low-cost-solar-punch/
India bids to harness more green power
http://www.thenational.ae/business/energy/india-bids-to-harness-more-green-power#full
Solar power to the fore in India's energy revolution
http://www.theecologist.org/News/news_analysis/2513244/solar_power_to_the_fore_in_indias_energy_revolution.html
Chile doubles NCRE installation total in 2014
http://www.bnamericas.com/news/electricpower/chile-doubles-ncre-installation-total-in-2014
Chile should continue developing hydro energy, minister says
http://news.google.com/news/url?sr=1&ct2=ca%2F1_0_s_5_1_a&sa=t&usg=AFQjCNFj4zM0X3E01BOk4u3Pb9o4ZjPX6w&cid=52778587968880&url=http%3A%2F%2Flatino.foxnews.com%2Flatino%2Fnews%2F2014%2F08%2F18%2Fchile-should-continue-developing-hydro-energy-minister-says%2F&ei=WLXyU7CxFKr_8AHJh4DoDA&sig2=ptd21Rs6g7Ee4s04prC8_w&rt=SECTION&vm=STANDARD&bvm=section&did=3120836972440155538&sid=5639908783938422514
Big headwinds for hydro in Chile. Go SWET Go!!