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AWSL Issues Shareholder Update on Power Purchase Agreement Status, S-1, Rooftop Solar Pipeline and New Video News Updates.

WIND MEASUREMENTS

  • 05 2011 12
    Toronto, OntarioAtlantic Wind & Solar (OTC:AWSL) reports that they have received notice from the Ontario Power Authority (OPA), confirming that 26 of their initial Power Purchase Agreement applications, all applied for last year between June and December, have been successfully processed by the OPA and have moved into the OPA's final review queue. The initial 26 contracts are expected to be released in the next round of Capacity Allocation Exempt (CAE) approvals. As indicated in a Press Release issued by the OPA on February 24, 2011, this may be expected to occur any time.This represents a significant turning point for the company, in terms of  securing long term revenues and the completion of the company’s long awaited S-1 Registration Statement, which upon submission to the S.E.C, will allow the company to apply to up-list onto a senior exchange. Sursa: renewableenergyworld.com