excellent news!

The whole announcement follows.

Great News . Something to look forward to early in the new year AND possible leads for development in Australia. That might add to the sex appeal on EVM. Here it is.......



Solar Tower Development Overview & 2012 Strategic Direction
EnviroMission Limited (ASX: EVM) (OTCQX: EVOMY) 2011 has concluded a decade of development since listing on the ASX, in the first instance to exclusively develop the Solar Tower concept in Australia that resulted in the achievement of commercially driven engineering solutions and enhancements to form new intellectual property, know how and market credibility.
As a result of the achievement of those enhancements and intellectual property development to EnviroMission Solar Tower technology, as it was licensed to EnviroMission from SolarMission Technologies Inc, and in light of failed renewable energy incentives in Australia that would be capable of supporting a large-scale solar powered power station infrastructure development of the scale of a Solar Tower in Australia, EnviroMission acquired the rights to develop EnviroMission’s Australian Solar Tower concept form SolarMission Technologies via a securities transfer that placed the global development rights to EnviroMission’s Australian Solar Tower concept with EnviroMission Limited.
This action, completed in 2008, provided EnviroMission the opportunity to market EnviroMission’s Australian Solar Tower technology outside Australia, and subsequently resulted in EnviroMission moving rapidly forward to build on the advanced, but deferred development proposal in Australia, to the current phase of delivery of EnviroMission’s Australian Solar Tower concept in the United States.
(Despite holding Major Project Facilitation Status form the Australian Federal Government and State Significant Development status form the New South Wales Government (domicile State of the first Australian Solar Tower development project). the renewable energy incentive landscape was inadequate to support the demands of the capital market for a subsidized investment of the required scale in Australia.)
Reorganization of the corporate structure and technology ownership has since been shown to have been a prudent and timely strategy as no incentive programme capable of attracting investment to a large-scale renewable energy infrastructure development (specifically solar) have to this point not materialized in Australia - in contrast, incentives, political will, and an investment appetite for renewable energy development in the United States has provided a positive market environment for EnviroMission to deliver Solar Tower power station development into.
EnviroMission has already achieved a landmark Power Purchase Agreement with the Southern California Public Power Authority (SCPPA) following robust due diligence by SCPPA and achieved the necessary collaborations of prominent US businesses to deliver on that PPA – a PPA that also references an option for SCPPA to purchase the first of two Solar Towers to be delivered in La Paz County, Arizona.
A recent (December) round of briefings attended by EnviroMission CEO and Chairman, Roger Davey, in Phoenix Arizona with the La Paz Solar Tower Project Team received reports from: Hensel Phelps; Faithful + Gould; Terracon; Ritoch - Powell & Associates; AON; Quarles & Brady; and, Cemex.
Meetings were held with SCPPA and a briefing was provided to the La Paz County boar of supervisors.
The development reports indicated the achievement of milestones necessary to support the terms of the SCPPA PPA for the La Paz Solar Tower development to be on line Q1 2015.
EnviroMission Limited I ACN: 094 963 238 I 3 Raglan Street, South Melbourne, Victoria, Australia 3205 T +61 3 9693 5666 I F +61 3 9699 7566 I E [email protected]
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Ends.
Mr Roger Davey Chairman
Executive Director EnviroMission Limited
Enquiries
Ms Kim Forte
Communications General Manager EnviroMission Limited +61396935666