GDT Tek Closes Escrow on 109 Acres of Prime Solar Farm Land in Desert Hot Springs California
Orlando, Florida GDT Tek (OTC: GDTK) today announced that escrow has closed on 109 acres of prime solar farm property in Desert Hot Springs (DHS), CA.
GDT Tek has implemented a plan to develop the DHS property with a combination of traditional PV commercial solar panels and also plans to use its own waste heat to electricity technology combined with solar concentrating panels on a portion of the land. The land is located near Palm Springs with excellent accessibility to the grid. There are already thousands of wind turbines located in the area.
President of GDT Tek, Bo Linton commented, “We made this land purchase at a great time. There was an article last week in the LA Times stating these type of properties are now starting to gobbled up at 10-20 fold what they were worth a few years ago. (see article http://articles.latimes.com/2012/feb/18/local/la-me-solar-land-20120218 ). We are also looking into using wind power on the land as well. We plan to get as many megawatts out of the land per acre as possible.”
Linton later stated, “Our plan is to develop a 20MW facility on 100 of the acres and use the 9 remaining acres to build a pilot system utilizing a new solar thermal style panel that the GDT Tek waste heat to electricity system employs. Our CTO, Ralf Horn, has estimated that our system will prove to be 40% more cost efficient and productive than current PV technology. Once we build it side by side the proof will show right on the meters for the entire world to see. It's our goal to become the frontrunner in solar farm technology and this site is a major step in getting us recognized as what we believe to be the best solar farm technology on the planet.”