To recover water from a cooling tower exhaust an air entry is provided adjacent thereto which feeds into a cooling heat exchanger. The cooling heat exchanger reduces a temperature of the wet air entering the air entry, causing condensation of water. This condensed water is captured and discharged from the system separate from dry air. A pre-cooler loop can be provided with a pre-cooler heat exchanger upstream of the cooling heat exchanger and fed by a cool line with a cold working fluid drawing heat out of the wet air. The pre-cooler heat exchanger can have its working fluid re-cooled in a second heat exchanger which exchanges heat with the cooler dry air downstream of the cooling heat exchanger. The cooling heat exchanger has a cold fluid passing therethrough which is cooled by a refrigeration system or some other cold fluid source.