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AWSL Atlantic Power and Infrastructure Corporation (PK)

0.0288
0.0038 (15.20%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Atlantic Power and Infrastructure Corporation (PK) USOTC:AWSL OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0038 15.20% 0.0288 0.021 0.034 0.0288 0.0288 0.0288 700 22:00:00

Atlantic Wind & Solar Advances Rooftop Solar Project in the City of Brampton, Ontario

02/06/2010 9:00pm

Marketwired


Atlantic Power and Infra... (PK) (USOTC:AWSL)
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Atlantic Wind & Solar Inc. (PINKSHEETS: AWSL) is pleased to announce that it has entered into an option to lease agreement with an Ontario realty company, on a 45,000 square foot commercial building located in the City of Brampton, Ontario.

The rooftop will be utilized for one 250kW solar system, to be installed upon Power Purchase Agreement (PPA) application approval from the Ontario Power Authority (OPA).

Upon completion of the PV solar energy system, the electricity generated will be sold directly into the grid to the OPA for 71.3 cents per kilowatt hour under the terms and conditions of the Ontario government's Feed In Tariff (FIT) program.

Based on the average amount of sunlight in the Province, the power sold from this single project is expected to generate in excess of $300,000.00 per year, totaling approximately $6 million in secured gross revenues for AWSL, and its partners over the next 20 years.

Mr. Brent O'Connor, Geneva Bancorp Investor Relations Director for AWSL commented: "Today's progress update represents the advancement of another project from its LOI stage, closer to its final construction stage. The extensive process had taken several months to qualify... However, with the recent implementation of the company's new streamlined commercial rooftop lease execution process, the company expects to start advancing and reporting several more similar scale projects from its extensive pipeline in the near future."

AWSL... Poised for Growth

The acceleration of increased interest, financing, and other developments in the past few months augurs well for Atlantic Wind and Solar's business and overall growth in 2010. The Company intends to further expand in 2010 through strategically targeted acquisitions and potential expansion to offshore Renewable Energy markets.

AWSL management is optimistic that the progress achieved over the past 12-18 months in establishing the Company as a leading developer in the Ontario Renewable Energy market has positioned Atlantic Wind and Solar for rapid growth and enhancement of shareholder value in the foreseeable future.

Sales and Marketing Contacts Property owners and managers with unobstructed commercial rooftops of 30,000 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: Email Contact

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