The company says the agreement encompasses a new concept in securing rural rooftops in Central and Northern Ontario for Atlantic's utility scale solar energy parks.
The electricity generated from these rooftop energy parks will be sold into the grid under the terms and conditions of the Ontario government's Feed-in Tariff (FIT) program. Atlantic Wind and Solar will be the ultimate owner and manager of the project and FIT contract and will be responsible for the receipt and disbursement of all revenues.
Atlantic CEO Mr. Pierre Cousin commented: "This agreement is the perfect illustration of our strategy to implement a distribution model based on strong vertical and geographical channels. In multiplying the number of feet on the street both locally and internationally, we are building a growth engine which will help us to achieve our strategic objectives."
Mr. Charles Mazaccato, VP of business Development for Atlantic added: "We anticipate a very healthy partnership as the people behind RSD have a long-standing respected history in the Ontario farming community, and we believe that an additional rooftop program of this nature will not only be a win-win situation for all stakeholders involved, but will also greatly assist AWS in reaching its short and long term corporate growth goals."