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Solar Wind Energy Tower extends rights to develop hybrid tech in India

US renewable energy tech developer extends rights to Monsoon Global Group to build solar wind energy downdraft towers in Rajasthan

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Solar Wind Energy Tower is expanding into India

US firm Solar Wind Energy Tower has signed a memorandum of understanding (MoU) with Monsoon Global Group to develop solar wind downdraft towers in Rajasthan, India. The MoU, involving the US solar wind downdraft tower structure developer, outlines terms of the license fee, specific royalties and fees for each tower facility in the north-western Indian state.

 According to the MoU, project management specialist Monsoon Global will have rights to license trade secrets, patents and knowledge from Solar Wind Energy, a wholly owned subsidiary of the solar wind downdraft tower structure developer. In addition to the technical assistance, Solar Wind Energy will help Monsoon Global in building propositions for the government bodies in India and potential project participants.

 Ronald Pickett, CEO at Solar Wind Energy Tower, said: "We are pleased to have formed this relationship with Monsoon Global. We have worked diligently for over three years assembling the team, techniques, and knowhow to enable this clean alternative energy solution to be brought to market. Our business plan has always been to enable developers to materialise projects across the globe where weather conditions are most suitable. Rajasthan has one of these 'most suitable' environments to host our towers and India certainly needs the power."