TORONTO, April 19, 2013 /PRNewswire/ -- Atlantic Wind
& Solar (OTC: AWSL) and its wholly owned Ontario subsidiary, Atlantic Solar Inc., is
pleased to report they have received Notice To Proceed (NTP)
letters on 3 utility scale rooftop projects.
Located in the Greater Toronto
Area, the 3 projects have a name plate capacity of 600 KW AC
and will be constructed for total costs of approximately
$3,000,000.
The projects are expected to generate 12.3 million kilowatt
hours of clean electricity over the next 20 years. The energy
produced will be sold to the Ontario Power Authority under the
province's Feed-In-Tariff at a rates of $.635/kWh for one project and $0.713/kWh for the other two.
The approval follows the successful completion of all technical
connection studies and reports required by the local distribution
company as well as the Domestic Content Plan plus proof of
financing as required by the OPA.
Construction is expected to commence shortly.
Looking Ahead
Additional NTP'S are expected over the coming weeks.
Management looks forward to announcing updates on construction and
on the development of our renewable energy pipeline in Ontario and abroad.
Keep current with our progress by joining our mailing
list. Visit the company's web site, at:
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 OTCMarkets.com 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:
+1 416 900-0380 ext.321
ir@atlanticwindandsolar.com
SOURCE Atlantic Wind & Solar