Vertical Solar Farm Co. plans to build tower in India

Three Sixty Solar (VSOL:NEO;VSOLF:OTC) announced it has signed a letter of intent (LOI) to build a demonstration tower in South India.

The company builds the towers up instead of out to save space, rising vertically instead of covering acres of ground horizontally, leaving up to 80% to 90% more room for other economic or preservation purposes.

Under the non-binding letter of intent with Greenlit Energy Systems, an Indian renewable energy services company, the new tower will be used by a local university or similar institution with a potential connection to the power grid for net metering.

"I expect this initial demonstration to prove the utility of solar towers in their market, and I am encouraged at the prospects of working collectively to build the business" in India, Three Sixty Solar Chief Executive Officer Brian Roth said. "Understanding the space constraints in the heavily populated and economically developing region, I believe that our towers provide an ideal solution."

This high-density, clean energy solution is built on its own free-standing tower, meaning it can be built adjacent to structures requiring power, thereby minimizing line loss and maximizing energy delivery in cluttered environments where traditional renewable solutions are difficult to install.

In deploying Three Sixty Solar solutions as multi-tower installations, developers can capitalize on the spaces between towers to better leverage land assets for other revenue-generating activities. Each tower offers a reliable, clean energy solution with minimal environmental and habitat impact, maximizing power capture while at the same time minimizing utility structure footprint.

The Catalyst: Better Land Use for Green Energy

Three Sixty's technology is a "big deal" because most solar farms are in rural areas, leading to energy leakage while moving the electricity across distances and to market, Technical Analyst Clive Maund wrote .

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