Atlantic Wind & Solar Reports a Total of 3 MW of Rooftop Solar Energy Parks in Ontario Awaiting Construction
August 11 2010 - 9:00AM
Marketwired
Atlantic Wind & Solar Inc. (PINKSHEETS: AWSL), a leading edge
renewable energy company positioned to capture significant market
share in the true growth sector of the 21st century, announced
plans today to develop, construct, own and operate, five additional
rooftop solar energy parks.
Today's news brings the company's total reported, utility scale,
commercial/industrial rooftop solar energy projects in Ontario to
nineteen (19).
The nineteen independent systems have all entered into their
final pre-construction stage and will advance into construction
using a phased roll out plan, immediately following Power Purchase
Agreement approval from the Ontario Power Authority.
The accomplished projects will have a combined output power
capacity of approximately 3 megawatts -- enough clean energy to
supply over 2800 modern homes.
Atlantic Wind & Solar CEO Mr. Pierre Cousin commented,
"Today's news confirms that we are continuously advancing projects
from our pipeline, through our qualifying process, into their final
pre-construction stage. We look forward to begin reporting
confirmed construction dates for these projects soon... Our
pipeline has grown to be several hundred megawatts in size in a
relatively short period of time, and continues to grow weekly,
solidifying that we have positioned ourselves accordingly to
capture a significant percentage of the worldwide increased demand
for renewable energy."
The power generated from the reported projects is expected to be
sold directly into the grid, for a contracted period of 20 years,
under the terms and conditions of the Ontario government's
Feed-in-Tariff Program.
AWSL... Poised for Growth
Through focused management, potential acquisitions, strategic
alliances, and advanced technologies Atlantic Wind & Solar Inc.
is poised for growth at the forefront of the massive global shift
towards environmentally friendly, economical Renewable Energy. The
Company is working with parties in the Real Estate sector in
Ontario and abroad to secure rooftop leases suitable for AWSL's
photovoltaic (PV) renewable energy systems.
Looking Ahead
As powerful new Renewable Energy incentives, such as friendly
tax treatments, grants and generous government feed-in-tariffs, are
introduced in the Americas and abroad, AWSL plans on fully
leveraging its relationships, business model and advanced
technologies to capture a significant share of these dynamic
emerging markets.
Sales and Marketing Contacts
Property owners and managers with unobstructed commercial
rooftops of 20,000 s/f or bigger in the Province of Ontario,
Canada, and for which they are interested in possibly leasing to
AWSL, are invited to contact Mr. Tom Casagrande +1 800 891 1657
ext. 238.
All other Renewable Energy system inquiries are asked to phone
+1 416 900-0380 or email info@atlanticwindandsolar.com
For information regarding investing in solar, or investing in
renewable energy, please contact Brent O'Connor at
brent@gbcorp.net
To subscribe for regular news updates from Atlantic Wind &
Solar, please visit: www.atlanticwindandsolar.com
Disclaimer: Shareholders and investors are strongly cautioned
against placing undue reliance on information set forth in these
communications in making any investment decisions concerning our
securities. The matters set forth in this press release are
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially.
These risks are detailed from time to time in the Company's
periodic reports filed with the Securities and Exchange Commission
including the company's Annual Report, Quarterly Reports and other
periodic filings. These forward-looking statements speak only as of
the date hereof. The Company disclaims any intent or obligation to
update these forward-looking statements.
Investor Relations Contact: Geneva Bancorp. Mr. Brent O'Connor
Phone: +1 (416) 900-0380 ext.223 Email: Email Contact
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