August 31, 2009 (FinancialWire) — Atlantic Wind and Solar Inc. (OTC: AWSL) is pleased to announce the launch of its Rooftop Solar Division that will enable property management/owners/real estate developers to capture new long term revenue/profit streams by selling solar-produced electricity into the Ontario grid at the feed-in tariffs  introduced by the Ontario government to encourage the use of Renewable Energy.

Ontario’s trend-setting FIT, also known as “standard offer contract” represents a compelling incentive for all manner of commercial, industrial and institutional buildings to avail themselves of the new revenues and profits made available through Renewable Energy programs.

The government of Ontario has scheduled the closing of coal-fired generating stations and is limiting the growth and/or refurbishment of nuclear generating facilities, favoring Renewable Energy to meet much of the Province’s future electricity demand. Accordingly, the Ontario Power Authority has instituted the FIT Program which offers to buy (at the highest price) electricity generated by rooftop PV solar arrays through contracts running approximately 20 years. Studies confirm an abundance of solar energy available in Ontario — superior, in fact, to Germany, a world-leading producer of solar energy as a portion of its total produced electricity. Tens of thousands of suitable rooftops are presently underutilized in Ontario, representing a huge target market for AWSL’s advanced Micro Energy Park(tm) rooftop solar systems.

“When the Ontario government passed legislation of the Green Energy Act on May 15, 2009, with its advanced FIT program to promote Wind & Solar Energy, accolades were heard across the global Renewable Energy industry. This RE milestone is especially relevant to Atlantic Wind and Solar Inc.,” said Atlantic Wind and Solar I.R director, Brent O’Connor.

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