EnviroMission Ltd. (EVOMY)

[tykundegex]

Interesting news: SCPPA takes option to buy giant solar updraft tower

http://www.rechargenews.com/energy/solar/article255656.ece?WT.mc_id=rechargenews_rss

So the SCCPA had negotiated the right to buy out all the interest in the first solar tower at 10 or 30 years out. This is somewhat a show of confidence to the project, but also to the profitability (well, modeled anyway) of the tower (versus Solar PV or CSP).

What we still don't know, however, is who will own what %, who will operate it, and exactly what role (and thus revenues) EVM will have post-construction.

We have a long wait though... another year before they break ground I think...

Tykün