Three Sixty Solar signs LOI for tower sale
by CM Staff
Cattail Crossing has signed a non-binding letter of intent (the LOI) with Three Sixty indicating their intent to install a Three Sixty Solar Tower on the golf club property.
VANCOUVER — Three Sixty Solar Ltd., an alternative energy design, manufacture, and sales organization focused on solar equipment supply to the global marketplace, announces that they have signed a non-binding letter of intent with Cattail Crossing Golf and Winter Club to proceed with the sale and installation of a Three Sixty Solar Tower in Sturgeon County, Alberta.
Key Points:
- Cattail Crossing Golf and Winter Club is a golf and winter club on the north side of Edmonton, Alberta. Cattail Crossing has signed a non-binding letter of intent (the LOI) with Three Sixty indicating their intent to install a Three Sixty Solar Tower on the golf club property to generate power to be used in operation of the golf course and clubhouse.
- The LOI indicates that the parties plan to begin a feasibility study as quickly as possible with the goal to reach a binding purchase order by August 31, 2023.
- The LOI also indicates Cattail Crossing’s intent to install technology from Hook’d Broadband on the solar tower to provide broadband connectivity throughout the property.
Three Sixty Solar’s CEO, Brian Roth states, “I’m thrilled to have signed the letter of intent to secure a tower project at Cattail Crossing. I believe that our solar tower technology is an ideal solution for a Golf and Winter Club, to provide power for operations without sacrificing the land they need for the course and clubhouse. I am also excited for the opportunity to include our partners at Hook’d Broadband in the project, adding incremental value to the stakeholders at Cattail.”
Cattail Crossing Owner, Mark Beck, adds, “We were looking for ways to add renewable energy to power our operations but couldn’t find anything suitable on the land and building that we have. The solar towers offered by Three Sixty are such a unique approach that we can easily make it fit and generate power for our irrigation systems, cart charging, and more. We are looking forward to working with Three Sixty and becoming an advocate for the solar tower solution to our friends in the golf community.”
