Atlantic Wind & Solar receives Notice to Proceed (NTP) from Ontario Power Authority on 3 utility scale rooftop projects
Tuesday, Apr 23, 2013
TORONTO, April 19, 2013 /PRNewswire/ -- Atlantic Wind & Solar (OTC: AWSL) and its wholly owned Ontario subsidiary, Atlantic Solar Inc., is pleased to report they have received Notice To Proceed (NTP) letters on 3 utility scale rooftop projects.
Located in the Greater Toronto Area, the 3 projects have a name plate capacity of 600 KW AC and will be constructed for total costs of approximately $3,000,000.
The projects are expected to generate 12.3 million kilowatt hours of clean electricity over the next 20 years. The energy produced will be sold to the Ontario Power Authority under the province's Feed-In-Tariff at a rates of $.635/kWh for one project and $0.713/kWh for the other two.
The approval follows the successful completion of all technical connection studies and reports required by the local distribution company as well as the Domestic Content Plan plus proof of financing as required by the OPA.
Construction is expected to commence shortly.
SOURCE Atlantic Wind & Solar