July 29, 2009
GWS Technologies, Inc. (OTCBB: GWSC), an alternative energy company developing renewable energy solutions, announced today that it has partnered with Dominion Real Estate Investments LLC, (DREI) to begin development of a 118 acre solar farm in Lubbock Texas.
The project could provide power to a planned housing development and federal facilities contiguous to Lubbock Airport. The initial project was designed in conjunction with Texas Tech University. The estimated cost of the entire project is approximately $250 million.
“This is another great opportunity for us to take advantage of the many federal and state incentives offered for alternative energy projects,” said Michael Coskun, Vice President of GWS Technologies Inc. “We are very pleased to have the opportunity to team up with Dominion Real Estate Partners again.”
“One of our priorities this year is to incorporate as much "Green" technology as possible into our real estate investment strategies. We are fortunate to have found a great partner in GWS Technologies to help us achieve our goals. Their knowledge and intellectual capital is on the cutting edge of the renewable energy industry, said Robert Dwyer, Managing Partner, and Dominion Real Estate Partners.