Atlantic Wind & Solar, announces its entrance into the South Asia region and marks a new milestone in its project pipeline size, now surpassing 1 GW of renewable energy projects. An increase of almost 100% over the previous year.
Enters South Asia region
Management has watched Asia with interest over the past few years. While many projects have been presented there was never the feeling that the timing, or that any one project itself, was right. But this past year seemed, to management, to mark a change in the quality of opportunities in the Far East. After much research and triage, management took steps to solidify relationships in the markets it saw as most interesting. With the experience of having previously spent 4 years in Asia and the Middle East management focused on Thailand and India.
In Thailand Atlantic is currently structuring an agreement in regards to 230 MW of solar projects. In addition the Company is evaluating 90 MW of wind projects.
In India Atlantic is structuring agreements around 210 MW of solar projects.
Management recently returned from an extended business trip throughout south Asia which served to solidify relationships with local developers, broaden our Asian networks, generate crossover interest between Asia and the Americas, and, of course, open up these additional 500+ MW of projects for Atlantic 2015 and beyond.
While there can be no assurance in our ability to convert this entire pipeline into commercial operation, management is committed to moving these projects forward and are pleased with the prospects. Management looks forward to providing future updates on its progress.
