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Enviro Mission Targets Middle East for Solar Towers in JV Deal

EnviroMission has signed an agreement with Q Analytica to form a joint venture that will operate to commercialise EnviroMission’s Solar Tower renewable energy technology in the Middle East and North Africa region.
The JV will provide EnviroMission with active involvement in Solar Tower development in the region and earn for EnviroMission a capital injection of US$1.5 million from the placement of EnviroMission shares with QA, a US$3 million development rights licence fee, an annual royalty and technology fee, and equity in all entities formed by QA for Solar Tower development under the licenced development rights.