Solar Wind Energy Tower, Inc. Collaborates With Providence Energy Corporation on Development of First Downdraft Energy Tower

Solar Wind Energy Tower, Inc. Collaborates With Providence Energy Corporation 
on Development of First Downdraft Energy Tower 
ANNAPOLIS, MD -- (Marketwire) -- 03/28/13 --  Solar Wind Energy
Tower, Inc. (OTCQB: SWET) (the "Company") announced today that Solar
Wind Energy is collaborating with Providence Energy Corporation, a
privately-owned company from Dallas, Texas, on the development of the
first Solar Wind Energy Downdraft Tower located in San Luis, Arizona
on the US/Mexico border. The Solar Wind Energy Downdraft Tower will
provide clean renewable energy at a cost more favorable than nuclear
plants with no negative impacts to our planet. 
Providence Energy is a nationally recognized leader in clean and
environmentally friendly development of domestic oil and gas
resources and has been investing in the generation of diversified
sources of alternative energy for several years. Providence currently
owns and manages over 4 million net mineral acres in 34 states with
royalty and working interests in over 20,000 producing wells.
Providence is primarily focused on unconventional oil and gas
formations and has a strong presence in nearly all major basins
across the country, but has invested substantially renewables over
the past decade. The company has both invested in the R&D of
innovative green technologies and also been actively developing
renewable generation projects across the Americas.  
Ronald W. Pickett, CEO, stated, "We have been in discussions with
Providence Energy for several months about the development of our
first Downdraft Energy Tower project in Arizona. Providence Energy
and their various subsidiaries have extensive experience and
expertise in partnerships with energy exploration, production,
generation companies, as well as renewables across the Americas.
Providence Energy has taken a position in Solar Wind Energy Tower,
Inc., and we welcome their expert development assistance in making
our first Tower Project a reality." 
About Solar Wind Energy, Inc. 
 Solar Wind Energy, Inc. (Solar Wind
Energy), a wholly owned subsidiary of Solar Wind Energy Tower, Inc.,
was established to commercialize a number of proven, validated
technologies and construction systems into a single large Solar Wind
Downdraft Tower structure that produces abundant, inexpensive
electricity. Our Company's core objective and focus is to become a
leading provider of clean, efficient green energy to the world
communities, at a reasonable cost, without the destructive residuals
of fossil fuels, while continuing to generate innovative
technological solutions for tomorrow's electrical power needs.  
Innovative Renewable Hybrid Solar / Wind Energy Technology 
 We view
ourselves as a hybrid solar/wind technology, reflected in the name,
Solar Wind Energy Tower, Inc. The simplicity of our solution is
comprised of harnessing the natural power of a downdraft created
within the confines of our Solar Wind Downdraft Tower structure, a
hollow cylinder reaching skyward into the hot, dry atmosphere heated
by the solar rays of the sun. The water introduced by the injection
system near the top of the Tower evaporates and is absorbed by the
hot, dry air. The air becomes cooler, denser and heavier than the
outside warmer air and falls through the cylinder at speeds up to and
in excess of 50 mph and is diverted into wind tunnels surrounding the
base of the Tower where turbines inside the tunnels power generators
to produce electricity. 
Downdraft Tower Will Produce Abundant, Inexpensive electricity
Company has successfully managed to downsize and economize the Tower,
reducing expected capital costs and improving projected financial
performance. The Company recently announced the completion of weather
data models that confirm the first tower height can be lowered from
3,000 feet down to 2,250 feet. This development was made possible by
utilizing our recently announced software which can calculate and
predict energy production by our Solar Wind Downdraft Towers given
local weather data. By feeding the weather data for southwestern
Arizona/ Northern Mexico into the program, the Tower's height and
diameter can be adjusted along with the amount of water added as fuel
to create a desired amount of energy. The outcome dictates the
optimum size of the Towers height and width. 
Under the most recent design specifications, the first San Luis Tower
is expected to have a design capacity on an hourly basis, of up to
1,250 megawatt hours, gross. Using a 60% capacity factor, we expect
the Tower's potential hourly yield equates to 600 megawatt hours,
from which approximately 18.5% will be used to power its operations,
yielding approximately 500 megawatt hours available for sale to the
power grid. Factoring in lower capacities during winter days, the
average daily output for sale to the grid for the entire year is
approximately 435 megawatt hours per day. Currently in California
avoided costs are running approximately $0.11 per kilowatt hour. As
an independent power producer of clean renewable energy, the Company
will be selling power directly to the power grid rather than directly
to consumers.  
In addition to constructing Solar Wind Downdraft Towers in the United
States and abroad, the Company intends to establish partnerships at
home and abroad to propagate these systems and meet increasing global
demand for electricity. Solar Wind Energy has assembled a team of
experienced business professionals, engineering and scientific
consultants with the proven ability to bring the idea to market.
Solar Wind Energy has filed and been issued patents that the Company
believes will further enhance this potentially revolutionary
technology. Solar Wind Energy, Inc. is based in Annapolis, MD, and is
traded on the OTCQB under the symbol 'SWET'. For more information
About Providence Energy Corporation  
Providence Energy Corporation is a national leader in the domestic
unconventional natural gas plays and was one of the first on the
ground in the Marcellus Shale in Pennsylvania and West Virginia. The
company has been primarily focused on buying oil and gas properties
across the country and partnering with well-known operators such as
Chesapeake Energy, Chief Oil & Gas and Chevron to develop the
resources. Providence has also been pursuing diversified sources of
alternative energy for several years and is currently developing
waste-to-energy, hydropower, wind, and solar projects across North,
Central, and South America. The company's oil and gas properties are
managed by the subsidiaries Providence Minerals LLC, PEC Minerals LP,
and Somerset Minerals LP. Cheyenne, a recently formed Exploration and
Production arm, has secured over 1 million leasehold acres in the
Mississippi Lime formation in Kansas and Oklahoma. Providence
Renewables, LLC, led by Michael P. Childers, is primarily focused on
developing, owning, and operating Waste-to-Energy, Biomass, and
Hydro-Electric power plants both domestically and internationally.
Through the subsidiaries Synergy Renewables, LLC and Hydro Green
Energy, LLC, the company has quickly become a major player in these
emerging alternative energy markets. Synergy Renewables finances,
designs, permits, constructs and operates its projects facilities
utilizing solid waste generated by municipalities and disposed of by
local governments. Synergy is a joint venture between Providence and
BP Capital/Mesa Power and brings a wealth of energy knowledge and
experience to the sector. 
Cautionary Note Regarding Forward-Looking Statements
included in this release may constitute "forward-looking statements".
Actual results may differ materially from those projected in
forward-looking statements. Such statements involve a number of risks
and uncertainties such as competitive factors, technological
development, market demand and the Company's ability to obtain new
contracts and accurately estimate revenues, if any, due to
variability in size, scope and duration of projects, and internal
issues in the sponsoring client. Further information on potential
factors that could affect the Company's financial results, can be
found in the Company's various filings with the Securities and
Exchange Commission (SEC). 
Solar Wind Energy, Inc.
1997 Annapolis Exchange Parkway 
Suite 300
Annapolis, Maryland 21401
Phone: 410-972-4713
Investor Relations
Scott Arnold
Phone: (310) 497 8817
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