MIAMI, FL--(Marketwire - August 5, 2009) - Atlantic Wind and Solar Inc. (
974 Topsail Road, P.O. Box 221
Mt. Pearl, Newfoundland
A1N 2Y2
AWSL is actively pursuing RE business opportunities on the East Coast, including advanced discussions regarding a possible joint venture with a long-established Newfoundland based company that specializes in the unique challenge of maintaining high-tech equipment in the highly corrosive Atlantic Seacoast conditions.
Newfoundland's Enormous Wind Resources
Among Canada's provinces and territories, the Province of Newfoundland and Labrador ranks as the windiest region in Canada, making it an obvious focus for harnessing wind power, one of the leading sectors of dynamic Renewable Energy developments. With average daily wind speeds of 21.09 km/hr (13.04 mph) in the winter and 15.31 km/hr (9.51 mph) in the summer, Newfoundland is the envy of most geographical regions around the world where successful harnessing of Wind Power is being accomplished with considerably less wind resources. Accordingly, AWSL management believes the Wind Power opportunities in Newfoundland to be extraordinary.
Since AWSL's June 2009 acquisition of Hybridyne Power Systems Canada, the Company has been actively pursuing a number of exciting RE projects that portend a successful 2009 with the achievement of several corporate milestones. The Hybridyne acquisition, followed by the formal Business Collaboration Agreement with wind turbine experts Centripetal Dynamics Inc. in July, has accelerated the pace at which Atlantic Wind and Solar Inc. is moving forward with its aggressive plans to gain market prominence in the exciting Renewable Energy industry.
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