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Atlantic Wind & Solar Doubles Sales in Q2
Second quarter sales at Atlantic Wind & Solar, a Toronto-based renewable energy producer, jumped 231 percent year-over-year, marking the 18th straight quarter of sales growth, according to a statement from the company. Year-end sales for 2014 are on pace to double the 2013 results after reaching $3.4 million through the first half.
The publicly traded company has a portfolio that primarily comprises solar photovoltaic assets across 22 municipalities in the province Ontario and five regions in Central and South America, including Ecuador and Peru.
Though solar energy accounted for only 0.39 percent of U.S. electricity generation in 2014 through May, the sector continues to grow rapidly, with U.S. solar photovoltaic generation increasing from 1,012 megawatt hours in 2011 to 8,327 in 2013, and U.S. consumption of solar energy is projected to nearly double from 2013 to 2015, according to the U.S. Energy Information Adm