Atlantic Power & Infrastructure Corp. (AWSL)

[veridique]

According to the Q1 Quarterly report;


Atlantic Wind and Solar, Inc. is a renewable energy asset developer, with emphasis on photovoltaic solar and wind energy.
The Company pursues, develops, finances, owns and operates solar energy projects from various stages of development life cycles through commercial operation. Atlantic has approximately 60 megawatts ("MW") DC of approved solar projects of which approximately 25 MW's have power purchase agreement contracts already executed. The company's greenfield pipeline includes more than 350 MW of utility scale solar projects at various stages of development in Canada, Europe, South and Central America.


The above is VERI misleading. It states the company has 60MW of approved solar projects. According to old press releases, dating back a few years, they had 60mw of projects "approved" in Ecuador, but according to public media sources all of the renewable energy projects back then in Ecuador couldn't get financed due to the country's poor sovereign credit rating. Even the country's own banks weren't financing projects there. i guess technically the above statement regarding the 25MW of PPA's is also true, but also applies to Ecuador. Its no coincidence they don't name Ecuador, because those projects will never be monetized. Trick little scammers, IMO.


Don't get fooled people.