AWSL NEWS - Waxman's "Scrap Cares" Continues to Reduce Carbon Footprint; Commits to Rooftop Solar Energy Park in Burlington, Ontario
Published at 4:00 PM
Waxman's "Scrap Cares" Continues to Reduce Carbon Footprint; Commits to Rooftop
Solar Energy Park in Burlington, Ontario
BURLINGTON, ON, Dec 01, 2010 (MARKETWIRE via COMTEX) -- In accord with their
recently launched "Scrap Cares" program, Waxman Industrial Services Ltd.
announced today they will be incorporating a 500kW rooftop solar energy system on
their Burlington, Ontario industrial facility.
As part of their pledge to become a national leader in preserving the
environment, they have signed an agreement with a Canadian based renewable energy
company, committing their 86,000 s/f facility's rooftop to becoming an
eco-friendly, utility scale, solar energy park.
Under the agreement (brokered by commercial realtor Cushman & Wakefield Ltd.),
Atlantic Wind & Solar Inc. (pinksheets:AWSL) will finance, build and operate the
rooftop solar energy system, and the electrical power generated will be sold
directly into the grid to the Ontario Power Authority (OPA) for a total of 20
years, under the terms and conditions of the Ontario government's Feed in Tariff
Program (FIT).
Located in a predominately industrial area at 4350 Harvester Rd, in Burlington,
Ontario, the socially responsible, high tech power station will be part of an
energy preservation model known as "distributed generation," which entails the
production of electricity closest to the areas where it is consumed. Therefore,
in addition to producing clean energy, the location of this solar park will
reduce the amount of needless energy lost during transmission over long
distances.
Waxman Industrial Services' President and CEO, Aaron Waxman comments; "We are
pleased to have the opportunity to participate in Atlantic Wind & Solar's
commercial rooftop solar program, and hope that our actions today will be viewed
by other landlords and business owners as an example of how they too may help
reduce the amount of harmful carbon emissions that are being released into our
atmosphere." Mr. Waxman continued, "As a progressive recycling company,
preserving the environment is the very premise our business has grown upon,
therefore we feel participating in the program is not only a way to exercise our
social- responsibility, but part of our overall business model."
Over the next 20 years, the solar energy system will generate enough clean
electricity to power approximately 100 homes, and will generate sufficient energy
to avoid the emission of over 10,350 tons of harmful CO2 gases into the earth's
atmosphere. (The equivalent of removing over 1500 cars from the road.)
Construction of the project is estimated to be completed by Spring, 2011.
To view plans and CAD renderings of the new solar energy park, please visit:
scrapcares.com/assets/pdf/Atlantic_
Click for Detail
