TORONTO, May 28, 2015 /PRNewswire/ -- Atlantic Wind &
Solar, Inc. (OTC: AWSL) is pleased to announce it has completed
construction on a 160 KW utility scale solar project in
Canada and announces the launch of
a newly formed Yieldco.
The $1.0 million commercial
rooftop installation is expected to produce 3,300 megawatt hours of
power over the next 20 years supplying Ontario with clean reliable energy. The power
will be sold under the province's Feed-In-Tariff program.
Atlantic has received Commercial Operation Notice from
Ontario's Independent Electricity
System Operator (IESO) - formerly the Ontario Power Authority
(OPA).
The solar power plant was developed by our Canadian subsidiary
Atlantic Solar Inc.
Power 1=
Atlantic is also pleased to announce the formation of Power 1
Inc. The new wholly owned subsidiary is intended to be the
off-taker of Atlantic developed projects.
Power 1 would purchase and hold projects developed by Atlantic
and other developers if conditions warrant. The aim is
to provide a reliable yield generated from ongoing power sales.
Financing of Power 1 would be direct with no dilution to
Atlantic Wind & Solar shareholders. Management is
in discussion with potential financiers and advisors and expects to
announce more details in the near future.
About Atlantic Wind and Solar Inc:
Atlantic is a developer of utility scale renewable energy plants
with over 650 MW's of projects at various stages of development in
Canada, South America, South
Asia and the Caribbean.
To learn more and/or sign up for news alerts and updates 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 within this
website and 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. Nothing within this site is meant
to be a solicitation to buy or sell our securities. Investing in
over the counter (OTC) securities often carries a high degree of
risk. Please contact your financial advisor before investing in our
securities.
Atlantic Wind & Solar Inc.
Main: +1 (416) 900-0380 ext 321
Toll Free: +1 (800)
891-1657
Email: info@atlanticwindandsolar.com
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SOURCE Atlantic Wind & Solar, Inc