Friday, August 19, 2011 2:23:36 PM
Shareholder Update.
I just received this in my mail box. I am sure you will receive it also if not already.
PRESS RELEASE
Atlantic Wind & Solar Inc. ---
Shareholder Update ---
Atlantic Wind and Solar Secures Twenty FIT Contracts;
Awaits Notice to Proceed from Ontario Power Authority to Commence Construction
Toronto, ON Friday, August 19, 2011 TORONTO / PRBuzz / August 19, 2011 - - Atlantic Wind & Solar Inc. (OTC:AWSL) is pleased to report that it has paid the required completion and performance security on all Twenty (20) of its Capacity Allocation Exempt (CAE), utility scale photovoltaic projects to the Ontario Power Authority (OPA).
All 20 of its approved solar projects are now undergoing Connection Impact Assessments (CIA), to insure proper grid connection. Construction dates for the initial projects will be announced once the CIA is competed and the Notice to Proceed (NTP) is received.
Meanwhile the Company has opted to take advantage of the OPA's recent offer to waive NTP termination rights as announced by the Ontario government on August 2, 2011. Waiver requests were submitted for all projects before the August 15th OPA cut-off date for best-efforts for a quick approval. This waiver is intended to further strengthen the government Power Purchase Agreement (PPA) during the final design, engineering, financing and construction stages which, for many companies, could stretch beyond the up coming provincial election in October.
Management looks forward to reporting more progressive news to shareholders as it occurs.
Join us on our new Facebook page at: http://www.facebook.com/AtlanticWindandSolar
To view Atlantic's 3 min. corporate YouTube video introduction, go to:
Stock Quote
Atlantic Wind & Solar Inc. (AWSL)
email: ir@atlanticwindandsolar.com
phone: +1 800 891-1657 Mr. Brent O'Connor
Investor Relations Director
email: ir@atlanticwindandsolar.com
phone: +1 416 900-0380 ext. 223
Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in 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.
This email was sent to xxxxxx@msn.com by ir@atlanticwindandsolar.com |
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Atlantic Wind & Solar | 350 Bay St | Suite 1201 | Toronto | WV |
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I just received this in my mail box. I am sure you will receive it also if not already.
PRESS RELEASE
Atlantic Wind & Solar Inc. ---
Shareholder Update ---
Atlantic Wind and Solar Secures Twenty FIT Contracts;
Awaits Notice to Proceed from Ontario Power Authority to Commence Construction
Toronto, ON Friday, August 19, 2011 TORONTO / PRBuzz / August 19, 2011 - - Atlantic Wind & Solar Inc. (OTC:AWSL) is pleased to report that it has paid the required completion and performance security on all Twenty (20) of its Capacity Allocation Exempt (CAE), utility scale photovoltaic projects to the Ontario Power Authority (OPA).
All 20 of its approved solar projects are now undergoing Connection Impact Assessments (CIA), to insure proper grid connection. Construction dates for the initial projects will be announced once the CIA is competed and the Notice to Proceed (NTP) is received.
Meanwhile the Company has opted to take advantage of the OPA's recent offer to waive NTP termination rights as announced by the Ontario government on August 2, 2011. Waiver requests were submitted for all projects before the August 15th OPA cut-off date for best-efforts for a quick approval. This waiver is intended to further strengthen the government Power Purchase Agreement (PPA) during the final design, engineering, financing and construction stages which, for many companies, could stretch beyond the up coming provincial election in October.
Management looks forward to reporting more progressive news to shareholders as it occurs.
Join us on our new Facebook page at: http://www.facebook.com/AtlanticWindandSolar
To view Atlantic's 3 min. corporate YouTube video introduction, go to:
Stock Quote
Atlantic Wind & Solar Inc. (AWSL)
email: ir@atlanticwindandsolar.com
phone: +1 800 891-1657 Mr. Brent O'Connor
Investor Relations Director
email: ir@atlanticwindandsolar.com
phone: +1 416 900-0380 ext. 223
Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in 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.
This email was sent to xxxxxx@msn.com by ir@atlanticwindandsolar.com |
Update Profile/Email Address | Instant removal with SafeUnsubscribe™ | Privacy Policy.
Atlantic Wind & Solar | 350 Bay St | Suite 1201 | Toronto | WV |
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