SOURCE: Waxman Industrial Services Ltd.
December 01, 2010 16:00 ET
Waxman's "Scrap Cares" Continues to Reduce Carbon Footprint; Commits to Rooftop Solar Energy Park in Burlington, Ontario
BURLINGTON, ON--(Marketwire - December 1, 2010) - In accord with their recently launched "Scrap Cares" program, Waxman Industrial Services Ltd. announced today they will be incorporating a 500kW rooftop solar energy system on their Burlington, Ontario industrial facility.
As part of their pledge to become a national leader in preserving the environment, they have signed an agreement with a Canadian based renewable energy company, committing their 86,000 s/f facility's rooftop to becoming an eco-friendly, utility scale, solar energy park.
Under the agreement (brokered by commercial realtor Cushman & Wakefield Ltd.), Atlantic Wind & Solar Inc. (PINKSHEETS: AWSL) will finance, build and operate the rooftop solar energy system, and the electrical power generated will be sold directly into the grid to the Ontario Power Authority (OPA) for a total of 20 years, under the terms and conditions of the Ontario government's Feed in Tariff Program (FIT).
Located in a predominately industrial area at 4350 Harvester Rd, in Burlington, Ontario, the socially responsible, high tech power station will be part of an energy preservation model known as "distributed generation," which entails the production of electricity closest to the areas where it is consumed. Therefore, in addition to producing clean energy, the location of this solar park will reduce the amount of needless energy lost during transmission over long distances.
Waxman Industrial Services' President and CEO, Aaron Waxman comments; "We are pleased to have the opportunity to participate in Atlantic Wind & Solar's commercial rooftop solar program, and hope that our actions today will be viewed by other landlords and business owners as an example of how they too may help reduce the amount of harmful carbon emissions that are being released into our atmosphere." Mr. Waxman continued, "As a progressive recycling company, preserving the environment is the very premise our business has grown upon, therefore we feel participating in the program is not only a way to exercise our social- responsibility, but part of our overall business model."
Over the next 20 years, the solar energy system will generate enough clean electricity to power approximately 100 homes, and will generate sufficient energy to avoid the emission of over 10,350 tons of harmful CO2 gases into the earth's atmosphere. (The equivalent of removing over 1500 cars from the road.)
Construction of the project is estimated to be completed by Spring, 2011.
To view plans and CAD renderings of the new solar energy park, please visit: http://scrapcares.com/assets/pdf/Atlantic_ Waxman_Board.pdf
About Waxman Industrial Services Ltd.:
Waxman Industrial has evolved into the fastest growing, full service recycling company in the country. With yards in Hamilton and Brantford, the company supplies and exports steel to major alloy producers in Canada and the United States.
In 2009 the company launched an aggressive green initiative program named Scrap Cares. The new Scrap Cares model entails direct involvement in the recycling process every step of the way, from collecting old items, to processing and distributing reusable raw materials. The hands-on approach helps ensure responsible recycling, and that means peace of mind for everyone. (Waxman Industrial is a ISO 9001:2000 and ISO 14001:2004 certified corporation.)
For more info please visit: www.WaxmanIndustrial.ca and/or www.ScrapCares.com