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Atlantic Wind and Solar Corp
 
 

Atlantic Wind & Solar Reports a Total of 3 MW of Rooftop Solar Energy Parks in Ontario Awaiting Construction

Press Release
Source: Atlantic Wind and Solar Inc.
On Wednesday August 11, 2010

  • Toronto, ON August 11, 2010 Atlantic Wind & Solar Inc. (OTC: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 roof top 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 governments 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 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. 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

    Stock Quote

    Atlantic Wind & Solar Inc. (AWSL)
    phone: +1 800 891-1657
    Geneva Bancorp Inc.
    Mr. Brent O'Connor
    Investor Relations
    phone: +1 416 900-0380 ext. 223

    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.

 

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