CORAL SPRINGS, Florida, April 21, 2015 /PRNewswire/ --
Even though the sector continues to grow at astounding rates, renewable energy still only makes up a tiny fraction of both U.S. and Worldwide energy production. As more countries race to implement greener energy solutions, wind and solar energy projects continue to grab headlines as improved technology and falling costs lead to increase of more renewable energy plants globally. Energy Sector Companies in focus today are: Atlantic Wind & Solar, Inc. (OTC: AWSL), Clean Energy Fuels Corp. (NASDAQ: CLNE), Canadian Solar Inc. (NASDAQ: CSIQ), Exelon Corporation (NYSE: EXC) and General Electric Company (NYSE: GE).
Atlantic Wind & Solar, Inc. (OTC: AWSL) is pleased to announce the receipt of a Notice To Proceed (NTP) on another utility scale solar power plant in Ontario Canada. The NTP was received recently from the Ontario Power Authority (OPA) and marks the point at which construction can begin. This is a major milestone in the project development as it confirms that the local grid studies have been completed and accepted and that the grid is capable of accepting this power. This is also the point at which many projects in Ontario have failed and were abandoned despite having OPA power purchase agreements in place. Construction has commenced on the estimated 60-day project. The $1.2 million utility scale project is located in the Greater Toronto Area (GTA) of Ontario.
Read the full AWSL press release at http://www.financialnewsmedia.com/profiles/awsl.html
Atlantic Wind & Solar, Inc. reported late last week its results on financial operation for fiscal year ending Dec 31, 2014. Sales growth for AWSL continued with sales up 38 % to $5,409,135.00 and profitability up substantially to $2,410,768.00 representing a 1,138% improvement for the same period. Operating expenses dropped for the 6th straight year to $542,355.00 down 46.6% from the previous year. The balance sheet was improved significantly with accounts payable and accounts receivable reductions of 45.4% and 53.7% respectively. Total liabilities were reduced to $2,267,031 down 53% against total assets of $4,407,107.
In other renewable/green energy news and happenings: Clean Energy Fuels Corp. (NASDAQ: CLNE) recently announced fueling has begun at two new compressed natural gas (CNG) fueling station in Southern California as well as two new truck-friendly CNG stations in Lake Havasu City, Ariz., and Kansas City, Kan. The company also received industry recognition for its new NGV Easy Bay® from Heavy Duty Trucking Magazine as well as the top transit engineering honor at the Canadian Deputy Minister's Consulting Engineers Awards. Additional agreements representative of Clean Energy's growing portfolio of natural gas fueling customers were also announced. Read more here: http://finance.yahoo.com/news/clean-energy-open-four-natural-100100636.html
Canadian Solar Inc. (NASDAQ: CSIQ), one of the world's largest solar power companies, recently announced that it is scheduled to attend 2015 CICC Conference on Tuesday, April 21 to Wednesday, April 22, 2015 at the Waldorf Astoria hotel in New York City. During the conference, Dr. Shawn Qu, Canadian Solar's Chairman and Chief Executive Officer will participate in a clean energy panel to discuss assessment and outlook of photovoltaics, alternative energy vehicles and battery technologies on the afternoon of April 22, 2015. Mr. Ed Job, Director of Investor Relations will be available to meet with institutional investors on April 21, 2015.
Exelon Corporation (NYSE: EXC) news: Commonwealth Edison Company ("ComEd"), a unit of Exelon Corporation EXC, recently filed its annual delivery service formula rate request for the distribution of electricity to the Illinois Commerce Commission ("ICC"). If approved by the concerned authority, residential consumers will be getting electricity at lower remunerations applicable Jan 2016. Per the appeal, the average monthly electric bill for residential customers will decrease by $1 from the previous level. It reflects a year over year decline of around $50 million in 2016. ComEd's ongoing efforts on cost management, and operational efficiencies backed by systematic smart grid investments primarily led to the filing of the rate reduction appeal.
General Electric Company (NYSE: GE) News - A unit of General Electric Co. will invest in a 96-megawatt solar power station in southwestern Japan developed by Pacifico Energy K.K. The plant, under construction in Miyazaki prefecture, will begin operations in 2018, GE Energy Financial Services and Pacifico Energy said in a statement back late March. A group of Japanese banks led by the Bank of Tokyo-Mitsubishi UFJ will provide a total 35 billion yen ($291 million) in loans, according to the statement. No other financial information was provided.
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/. Follow us on Facebook: http://www.facebook.com/financialnewsmedia and Twitter: http://twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated two thousand four hundred dollars for news coverage of the current press release issued by AWSL by the company. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
SOURCE FN Media Group LLC