Atlantic Wind & Solar Adds Four Rooftops to Photovoltaic/Solar Energy Program in Ontario
June 29 2010 - 3:00PM
Marketwired
Atlantic Wind & Solar Inc. (PINKSHEETS: AWSL) is pleased to
announce that it has entered into an agreement with an Ontario
commercial real estate developer, which will allow it to develop
and construct four more utility scale, solar rooftop projects. The
projects will generate a combined name plate power capacity of
approximately 492 kW.
Under the agreement, Atlantic Wind & Solar will finance,
build, own, operate, and maintain the solar energy systems hosted
on the roofs of the commercial buildings, and the electrical power
generated from the systems will be sold directly into the grid to
the Ontario Power Authority (OPA) for 71.3 cents per kilowatt hour,
for a total of 20 years, under the terms and conditions of the
Ontario government's Feed-in Tariff Program (FIT).
The aforementioned rooftop PV systems will all be located in the
Greater Toronto Area.
Construction is expected to commence following FIT contract
application approval.
AWSL... Poised for Growth
Through focused management, 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 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 America's 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. Charles Mazzacato +1 800 891 1657
ext. 230.
All other Renewable Energy system inquiries are asked to phone
+1 416 900-0380 or email info@atlanticwindandsolar.com
For further corporate information and/or 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:
ir@atlanticwindandsolar.com
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