WorldWater & Power Corp. (OTC BB:WWAT.OB)announced it has signed a contract for $7.8 million with Farm ACW of Fallbrook, California, to install solar electric systems to power the avocado ranch operations. The new contract brings the total of projects signed in 2005 to $12.2 million, compared to total revenues in 2004 of $5.8 million. The contract is subject to certain conditions, including securing grid interconnections with San Diego Gas & Electric. The Company has already begun this process and expects approval of the interconnection by Summer 2005.
The contract with the avocado farm means WorldWater now has four projects in or preparing for operation in California and New Jersey, including two water utilities — Atlantic County Utilities Authority in New Jersey and Idyllwild Water District in California — and two California agricultural projects — Cocopah Tree Farm and Farm ACW.
“We believe Farm ACW will be the largest farm operation to be powered by solar systems anywhere in the world, replacing a Megawatt diesel generator now being used for power,” said Quentin T. Kelly, Chairman and CEO of WorldWater & Power Corp.
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