Atlantic Commenced Construction following Notice to Proceed from the Ontario Power Authority

Jun 21, 2021 ·   Company News

April 21 , 2015 - Toronto, Canada - Atlantic Wind & Solar, Inc. (OTC: AWSL) is pleased to announce the receipt of a Notice To Proceed (NTP) on another utility scale solar power plant in Ontario Canada.

The NTP was received recently from the Ontario Power Authority (OPA) and marks the point at which construction can begin. This is a major milestone in the project development as it confirms that the local grid studies have been completed and accepted and that the grid is capable of accepting this power. This is also the point at which many projects in Ontario have failed and were abandoned despite having OPA power purchase agreements in place.

Construction has commenced on the estimated 60-day project.

News

The $1.2 million utility scale project is located in the Greater Toronto Area (GTA) of Ontario . It is sized at 240 KW AC and will supply power to the grid over a 20 year period.

The solar power plant was developed by its Canadian subsidiary Atlantic Solar Inc.

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 and the Caribbean.

For more information and to sign up for news alerts and updates visit the company's web site at: www.AtlanticWindandSolar.com.

For stock quotes, charts and our financial filings and reports visit: http://www.otcmarkets.com/stock/AWSL/quote

SOURCE: Atlantic Wind & Solar Inc.

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.



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(OTC: AWSL)
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