AWSL
Posted by: Doubloon Date: Wednesday, November 11, 2009 8:58:20 AM
In reply to: Doubloon who wrote msg# 3836 Post # of 3851 [Send a link via email]
Business plan outline
The first goal of Atlantic Wind and Solar was/is to attain a position at the forefront of
emerging technologies and to leverage that position into renewable energy solutions for all.
Besides the obvious focus on wind and solar energy AWSL also concentrates on the power
conversion/inversion aspect of these technologies to increase efficiency for renewable
projects both new and existing.
With the recent announcement of a renewable energy mandate by the Canadian Province of
Ontario, Atlantic Wind and Solar immediately shifted its focus to rooftop solar projects in that
province. The new Ontario FIT represents an immediate opportunity that is currently
unparalleled in North America and possibly the world. Through the Ontario Power Authority’s
(OPA) Feed-In Tariff Program the government is guaranteeing the purchase of power from
renewable sources for the next 20 years. In a bid to phase out coal-fired electricity generation by
2014, and to avoid building a new nuclear power plant, the Government of Ontario has
committed to financially encouraging over 3,000 MW of new energy capacity from renewable
sources. In the words of the government itself: “Ontario's feed-in tariff or FIT Program is North
America's first comprehensive guaranteed pricing structure for renewable electricity production.”
Atlantic Wind and Solar’s current business plan for the next 5 years is based on achieving a share
of the Ontario Rooftop Solar PV market as driven by the OPA’s FIT program. AWSL’s advantage
is in its strategic partnership with Hybridyne Power Systems Canada. Management feel the
Hybridyne power system on average generates more electricity, and thus revenue , than similar
renewable energy systems.
While participating in this boom in solar technology Atlantic Wind and Solar continues, through
strategic partnerships, to position itself to for future projects using the ultimate source of low cost
energy, wind.
AI
