SOURCE: Atlantic Wind & Solar Inc.

Atlantic Wind & Solar Inc.

September 08, 2009 09:57 ET

AWSL Rooftop Solar Division Proceeds With First Micro Energy Park

MIAMI, FL--(Marketwire - September 8, 2009) - Atlantic Wind and Solar Inc. (PINKSHEETS: AWSL) is pleased to announce that it is proceeding immediately with the installation of its first Solar Rooftop -- Micro Energy Park -- situated in the rural township of Minden, Ontario.

The 9.5 kw project represents the first of a series of Micro Energy Parks to be implemented by the Corporation in the near future. The new solar rooftop park will be directly owned and operated by Atlantic Wind and Solar, generating a long-term stream of revenues. All electricity delivered to the grid will receive a lucrative price over a 20 year period, guaranteed by the Ontario Government's new Feed-In-Tariff program aimed at encouraging Renewable Energy projects such as this.

In addition to being socially and environmentally responsible, this project also adds an extra $24,000.00 in rental income, without any investment, to this property owner.

"Today's milestone announcement represents the first of several revenue-generating Micro Energy Parks that will be owned and operated through a series of lease agreements being negotiated by Atlantic Wind and Solar Inc. Through AWSL's Micro Energy Parks, in conjunction with the Ontario Government's generous Feed-In-Tariff, property owners and landlords all across Ontario can now capture previously unavailable long term revenue and profit streams from the rooftops of their real estate investments."

Atlantic Wind and Solar I.R. Director, Mr. Brent O'Connor

The Rooftop Opportunity

The Ontario Power Authority has instituted the FIT Program which offers to buy (at the highest price) electricity generated by rooftop PV solar arrays through contracts running approximately 20 years. Studies confirm an abundance of solar energy available in Ontario -- superior, in fact, to Germany, a world-leading producer of solar energy as a portion of its total produced electricity. Tens of thousands of suitable rooftops are presently underutilized in Ontario, representing a huge target market for AWSL's advanced Micro Energy Park rooftop solar systems. The Company's Rooftop Solar Division will apply its superior technology in the Micro Energy Parks to maximize power generation and profits under the new Ontario FIT incentives for expanding Renewable Energy use.

About Atlantic Wind and Solar Inc:

Through focused management, strong R&D, state-of-the-art proprietary technology, exclusive licenses, and joint ventures, Atlantic Wind & Solar Inc. is poised for rapid growth at the forefront of the massive global shift towards environmentally friendly, economical renewable energy. The Company is positioned to achieve significant inroads into key sectors of the annual $200 billion renewable energy boom that is accelerating across North America and around the world.

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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.

Contact Information

  • Investor Relations Contact:
    Geneva Bancorp.
    Mr. Brent O'Connor
    +1 647 343-2549
    Email: Email Contact