05 Sep WorldWater & Solar Signs Contracts with 3 Manufacturers in Morocco to Supply Solar Power for Factories
Three Brick Factories Sign Power Purchase Agreements for $4.1 Million with Princeton Company
PRINCETON, NEW JERSEY, USA, August 29, 2019 /EINPresswire.com/ — WorldWater & Solar Technologies (WWST or the Company) announced today that it has signed contracts with 3 manufacturers in Morocco to deliver solar power for their operations. Revenues from the projects will exceed $4 million for the Princeton-based company, according to Quentin T. Kelly, Chair and CEO. WWST is the longest continuously–operating solar systems firm in America, he said.
“This move to solar by large manufacturers is in line with the King’s recent declaration encouraging operators in Morocco to switch from fossil fuels to renewable energy where
possible,“ Mr. Kelly said. Morocco has few hydrocarbon resources of its own and imports most of its energy requirements, mainly from countries in the Middle East, he stated.
The 3 manufacturers are brick factories, 1 located in Rabat, the capital, and 2 in Zaio in northern Morocco near the Mediterranean coast.
George Lambros, Chief Operating Officer of WWST, added that the Company has a partner in Morocco which is one of the largest solar operations in the country. That company, Sun Energy and Water Technologies (SEWT), is headquartered in Rabat with offices in Casablanca and is “a leader in engineering and construction services for solar installations throughout Morocco,” Mr. Lambros said.
WWST expects to begin construction on all the projects before the end of this year, he added.
These projects will generate over 7 million kilowatt hours of clean energy annually, which is equivalent to the emissions from 5.5 million pounds of coal burned, 11,500 barrels of oil consumed, or the carbon sequestered by 6,000 acres of forests in one year.