Atlantic Wind & Solar Inc. announces construction rollout on
Portfolio 101 representing 12 utility scale rooftop PV assets in
Ontario
TORONTO, Sept. 4, 2013 /PRNewswire/ -- Atlantic
Wind and Solar Inc. (OTC: AWSL) is pleased to announce the
commencement of construction on portfolio 101 representing 12
utility scale rooftop solar PV assets in Ontario, Canada.
(Logo: http://photos.prnewswire.com/prnh/20130904/NY73758LOGO
)
The company expects to complete construction on this portfolio
of projects in 2013.
The 101 PV portfolio
The utility scale projects, comprising 12 commercial
buildings in Mississauga and
Brampton in Ontario, represent 1.582 MW AC and
approximately 1.9 MW DC of peak power production. Capital
cost on the projects are approximately CAD $9.5 million.
The projects are expected to generate 39.1 megawatt hours of
clean electricity over the next 20 years. The energy produced will
be sold to the Ontario Power Authority under the province's
Feed-In-Tariff at a rates of $.635/kWh for two of the projects (250 kW) and
$0.713/kWh for the remaining ten.
To see the full release including construction photos visit:
http://atlanticwindandsolar.com/news-74.html
Atlantic's additional pipeline in Ontario
Atlantic continues to process Connection Impact
Assessments ("CIA's") and requesting Notice To Proceed (NTP)
confirmations from the Ontario Power Authority for the remaining
projects in Ontario.
The Company continues to secure new projects in Ontario and taking steps to make further
applications into the OPA FIT program.
Management looks forward to announcing future developments.
About Atlantic Wind and Solar Inc:
Atlantic is a developer of utility scale renewable energy
plants. With over 350 MW's of projects at various stages of
development in Canada,
South America and the Caribbean.
For more information and/or to subscribe for regular news
updates from Atlantic Wind & Solar, 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 OTCMarkets.com portal 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.
SOURCE Atlantic Wind and Solar Inc.
