Atlantic Power & Infrastructure Corp. (AWSL)

[warburg]

The Ontario government will announce on Thursday (TODAY) that it is awarding roughly $3-billion in renewable-energy projects to dozens of companies, ranking it one of the province’s biggest investments of its kind.

These are not my words, here is the article:

http://www.theglobeandmail.com/news/politics/ontario-to-award-3-billion-in-green-energy-contracts/article1918679/


DannyTwin, its not at a stand still, however it has been bottlenecked. But while the OPA is/was taking its time, AWSL is still adding to its pipeline weekly. Do not mistake silence as a stand still.
The company told me it will not make any news unless it is contract/construction related. They described all other progress as just noise.

The promotion days are over.

The company is growing. These guys have too much invested to let it sit and know what is necessary.

Its a process and like all good things, is worth waiting for.


Yesterday, the Minister of Energy in Ontario, Brad Duguid, did a phone in interview here in Ontario, and had a lot of great things to say about coming progress.

Its a new program, so there are delays. (after all it is the government we are dealing with.)

I'm speculating, but If AWSL has 50 or 60 FIT applications in, many in final approval stage, when the OPA releases that next round, make no mistake, the S-1 will have substance to it and it will be party time.


The wind, solar and hydroelectric projects will provide enough electricity for about 200,000 households, a government source said. Energy Minister Brad Duguid plans to unveil the projects at a news conference at the provincial legislature. (I will keep you guys abreast of this)

The projects will create about 7,000 direct and indirect jobs, and provide much-needed certainty for the nascent energy sector.

The government recently halted the development of offshore wind turbines, leaving industry players questioning Premier Dalton McGuinty’s commitment to green energy during an election year. But the bright side is, that energy will have to be made up for in some other clean capacity. May I suggest rooftop solar : )

The government is counting on green energy to create jobs in the province’s battered manufacturing heartland. Mr. McGuinty is vowing to create 50,000 new jobs through his Green Energy Act by luring investors with the promise of generous long-term contracts that include a guaranteed revenue stream.

Last year, the government awarded more than $8-billion in renewable-energy projects to companies.

Much More to come.

I am sitting on the edge of my seat, watching for the OPA news.

Hang on guys, its coming.