Strategic Discussions Underway to Build a Solar Power Plant on Florida’s West Coast

Tuesday, December 2nd 2008

Atlantic Energy Solutions, Inc. is announcing that they are engaged in strategic negotiations with a West Coast Florida land owner to build a solar power plant that would produce enough energy to service approximately 12,500 homes and provide an alternative energy source that can be sold to one or more Florida electric companies.

These strategic discussions have involved developing a long term energy vision with the land owners and municipalities while providing a state of the art energy source that benefits all facets of municipality energy needs.

The project is in the developmental stages and would result in the installation of a 50 MW solar PV power plant. In addition to servicing the needs of homes, municipalities, and electric utility companies, Atlantic Energy would also operate and maintain the plant for a range of 20-30 years.

The energy produced by the PV solar plant will be sold as electricity and provide recurring revenues for Atlantic Energy Solutions, the land owner, and the municipality over the lifetime of Atlantic Energy’s involvement with the plant.

Atlantic Energy CEO Timothy Brock said, “This large scale solar PV project is in synch with our strategic plans for delivering on ‘green technology’ and directly coincides with supporting initiatives within Florida’s Renewable Energy Portfolio. This is a great example of the diversity we expect to show in our future projects.”

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