Business
Atlantic Wind & Solar Inc. - A Report on 2013 and Changes for 2013/2014
Atlantic Wind & Solar Inc. - A Report on 2013 and Changes for 2013/2014.
About this update from Atlantic Power & Infrastructure Corp.
[{"type":"text","content":"\n\n\n\nAtlantic Wind & Solar Inc. - A Report on 2013 and Changes for 2013/2014\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAtlantic Wind & Solar Inc. - A Report on 2013 and Changes for 2013/2014\nPR Newswire\nTORONTO, Jan. 7, 2014\n\n\n\nTORONTO, Jan. 7, 2014 /PRNewswire/ -- Atlantic Wind and Solar Inc. (OTC: AWSL) is pleased to announce the following update including progress reports and news of further cost reductions to enhance shareholder value.\n\n(Logo: http://photos.prnewswire.com/prnh/20130904/NY73758LOGO)\n\nOntario - 101 PV PortfolioThe portfolio commenced construction in September 2013 and has seen 2 projects completed and awaiting COD confirmation from the Ontario Power Authority.  The balance are at various stages nearing completion. While we anticipated completing all 12 projects in 2013 regrettably scheduling delays with roofing companies and a roofing strike in the area set us back.  The Portfolio is expected to be completed substantially if not completely in Q1 2014.  \n\nCOD - Commercial Operation Date - is a significant milestone not just because it represents project completion but because it is also the stage at which all cost calculations are finalized and the Company's payables and receivables netted. Up to this point both payables and receivables escalate at each stage of construction. At COD a project is complete and payables/receivables are netted such that financial statements now reflect that the project is in the past rather than still ongoing.\n\nThe utility scale projects, comprising 12 commercial buildings in Mississauga and Brampton in Ontario, represent 1.582 MW AC and approximately 1.9 MW DC peak.\n\nOntario - 102 PV PortfolioNotice to Proceed was obtained from the Ontario Power Authority in November and construction is being scheduled for Q1 on 130kW with the remaining megawatt expected to follow shortly.\n\nThese utility scale projects, comprising 4 large commercial installations in Mississauga and Milton in Ontario, represent 1.130 MW AC and approximately 1.35 MW DC peak.\n\nEcuador Phase One  20...