MESA , Arizona , July 25th, 2009 - Centripetal Dynamics Inc. and Atlantic Wind and Solar (AWSL) Collaborate on the Development of Hybrid Wind/Solar Projects in Ontario, Canada
Centripetal Dynamics Inc. and Atlantic Wind and Solar Inc., are pleased to announce their collaboration to develop hybrid wind/solar energy projects in Ontario, Canada. The Province of Ontario’s new Feed-in-Tariff (FIT), North America's first guaranteed pricing structure, will offer Renewable Energy (RE) generators a stable, competitive price combined with a long term contract. Lucrative tariffs under the Province’s “FIT” program greatly enhance the economics of RE-generated electricity, enabling the realization of Ontario’s huge RE potential by providing a strong incentive for rapid development of RE projects such as those anticipated by AWSL and CDI.
Upon announcing his intention to implement the new FIT program, George Smitherman, Deputy Ontario Premier and Minister of Energy and Infrastructure observed "The proposed feed-in tariff program would help spark new investment in renewable energy generation and create a new generation of green jobs" in Ontario.
AWSL and CDI anticipate the opportunity to collaborate on 15-20 renewable energy projects, totaling approximately 800 MW. Technology-focused Atlantic Wind and Solar Inc. has retained the services of Centripetal Dynamics Inc. to support the design and implementation of the wind power interests for these projects in Canada. The parties will also be evaluating the Canadian market to determine if the Ontario region of Canada could provide a setting for a future CDI manufacturing plant or other alternative energy components. This would put AWSL at the forefront of implementing CDI turbines manufactured in Canada for use in the region.
About Centripetal Dynamics
Centripetal Dynamics Inc. (CDI), a privately held U.S. corporation, has assembled a team of experienced executives, business professionals, engineers and scientists, focused on developing advanced alternative energy products for social and economic success. The CDI executive staff has a proven background in Business Development, Mechanical Engineering, R&D, Product Development, Industrial Design, Banking/Finance and Marketing in the fields of: power generation, wind energy, aerospace, aviation structures, alternative energy systems, home land security, missile defense systems, advanced computing / telecom devices and oil/gas/mining. CDI’s strong R&D efforts in recent years have led to the design of next generation “intelligent” wind turbines that achieve new standards of efficiency in generating electricity from wind power.
CDI’s Brazilian subsidiary CDI Energia S.A. is currently in the process of securing wind park development contracts in Brazil and Argentina while CDI focuses on the development of owner/operated U.S. wind parks. CDI bring its depth of expertise and wealth of experience in wind energy systems to the CDI/AWSL hybrid wind/solar park power generation development project in Ontario and the broader Canadian market.
About Atlantic Wind & Solar Inc. (AWSL)
Through focused management, strong R&D, state-of-the-art proprietary technology, exclusive licenses, and joint ventures, Atlantic Wind & Solar Inc. is poised for rapid growth at the forefront of the massive global shift towards environmentally friendly, economical renewable energy. The Company is positioned to achieve significant inroads into several key sectors of the annual $200 billion renewable energy boom that is accelerating across North America and around the world.
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