WorldWater & Power Corp. (OTC BB:WWAT.OB) announced that it has signed major contracts to provide solar power for West Pico Food, Inc. for $3.1 million and for a commercial building in Southern NJ for $928,928.
The West Pico Food, Inc. project to build and install a solar electric power system for West Pico Food, Inc. is located in Vernon, California. The photovoltaic (PV) system is expected to substantially reduce electrical usage costs for the Company, a distributor of wholesale frozen foods to supermarket chains in Southern California.
WorldWater & Power Corp. plans to construct a carport over the parking area to hold the PV panels that will power the system. Plans call for construction of the carport and installation of the systems to be managed and supervised by Quantum Energy Group, the California engineering, construction and project management firm acquired by WorldWater & Power Corp. earlier this year. The contract is subject to financing and approval of the utility rebate application, following which construction is expected to begin immediately.
The Southern NH commercial building project to build and install a solar electric power system for a commercial building is located in Sewell, NJ. The photovoltaic (PV) system will be designed to generate enough kilowatt-hours to substantially offset the annual electricity consumption of the building.
Excess electricity generated during the summer months will be exported to the Atlantic City Electric Company power grid. At times when the consumption exceeds the generation capacity of the PV system, supplemental power will be drawn from the grid. The contract is subject to approval of the New Jersey Board of Public Utilities Clean Energy Program CORE rebate, following which installation is expected to begin immediately.
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