February 9, 2016 - Toronto ON Canada, Atlantic Wind & Solar Inc. (OTC: AWSL) is pleased to announce it has completed construction on a 320 KW AC utility scale solar power plant in Burlington, Ontario Canada.
The $2 million commercial rooftop installation, consisting of 1,488 panels, is expected to produce 7,900 megawatt hours of power over the next 20 years supplying Ontario with clean reliable energy. The power will be sold under the provinces Feed-In-Tariff program.
In Commercial Operation
Upon construction completion inspections by the grid operator and power purchaser were completed. Following receipt of the notice of Commercial Operation from Ontario’s IESO (Independent Electricity System Operator, formerly known as Ontario Power Authority) the power plant went into commercial operation.
Commenting on the project completion Atlantic Wind & Solar’s President & CEO John Wilkes stated “we are delighted to see another Atlantic project brought on line and now powering the grid. Bringing a greenfield development idea to its final completion and commercial operation is something for which our team is very proud. Atlantic has been making a tremendous contribution in the transformation to a clean sustainable future. We are determined to continue building upon our successes to meet the ever increasing demand for renewable energy".
The solar power plant was developed by Atlantic Wind and Solar Inc.'s Canadian subsidiary, Atlantic Solar Inc.
About Atlantic Wind and Solar Inc:
Atlantic is a developer of utility scale renewable energy plants with over 1 GW of projects at various stages of development in Canada, South America, South Asia and the Caribbean.
For stock quotes and charts visit: http://www.otcmarkets.com/stock/AWSL/quote
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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