----

----

----

----

| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------------|

|   | For the quarterly period ended March 31, 2011. |
|--------|------------------------------------------------|

| OR |
|----|

| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|------------------------------------------------------------------------------------------|

|   | For the transition period from   to ______. |
|--------|--------------------------------------------------|

| Delaware                                        | 22-3757709                           |
|---------------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
|                                                                |                                 |

| Large accelerated filer                       |  ̈ | Accelerated filer         |  ̈ |
|-----------------------------------------------|--------|---------------------------|--------|
| Non-accelerated filer                         |  ̈ | Smaller reporting company | x      |
| (Do not check if a smaller reporting company) |   |                      |   |

----

|              |                                                                                           |  PAGE |
|-------------------|------------------------------------------------------------------------------------------------|------------|
| PART I.           | FINANCIAL INFORMATION                                                                          |       |
|              |                                                                                           |       |
| Item 1.           | Financial Statements                                                                           |       |
|              |                                                                                           |       |
|              | Consolidated Balance Sheets as of March 31, 2011 (Unaudited) and December 31, 2010             | 1          |
|              |                                                                                           |       |
|              | Consolidated Statements of Operations for the Three Months Ended March 31, 2011 and            |       |
|              | 2010 and for the Period from September 17, 2009 (Inception) through March 31, 2011 (Unaudited) | 2          |
|              |                                                                                           |       |
|              | Consolidated Statement of Stockholders’ Equity for the Period from September 17, 2009    |       |
|              | (Inception) through March 31, 2011 (Unaudited)                                                 | 3          |
|              |                                                                                           |       |
|              | Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2011 and            |       |
|              | 2010 and for the Period from September 17, 2009 (Inception) through March 31, 2011 (Unaudited) | 4          |
|              |                                                                                           |       |
|              | Notes to the Consolidated Financial Statements (Unaudited)                                     | 5          |
|              |                                                                                           |       |
| Item 2.           | Management's Discussion and Analysis of Financial Condition and Results of Operations          |  21   |
|              |                                                                                           |       |
| Item 3.           | Quantitative and Qualitative Disclosures about Market Risk                                     | 23         |
|              |                                                                                           |       |
| Item 4.           | Controls and Procedures                                                                        | 23         |
|              |                                                                                           |       |
| PART II.          | OTHER INFORMATION                                                                              |       |
|              |                                                                                           |       |
| Item 1.           | Legal Proceedings                                                                              | 24         |
|              |                                                                                           |       |
| Item 1A.          | Risk Factors                                                                                   | 24         |
|              |                                                                                           |       |
| Item 2.           | Unregistered Sales of Equity Securities and Use of Proceeds                                    | 24         |
|              |                                                                                           |       |
| Item 3.           | Defaults upon Senior Securities                                                                | 24         |
|              |                                                                                           |       |
| Item 4.           | (Removed and Reserved)                                                                         | 24         |
|              |                                                                                           |       |
| Item 5.           | Other Information                                                                              | 24         |
|              |                                                                                           |       |
| Item 6.           | Exhibits                                                                                       | 25         |
|              |                                                                                           |       |
| Signatures        |                                                                                           | 26         |
|              |                                                                                           |       |
| Index of Exhibits | E-1                                                                                            |
|              |                                                                                           |       |

----

----

| ATLANTIC GREEN POWER HOLDING COMPANY                                                                      |   |
|-----------------------------------------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                                                             |   |
| Consolidated Balance Sheets                                                                               |   |
|                                                                                                      |   |   |   |   |   |   |
|                                                                                                      |   | March 31, |   |   | December 31, |   |
|                                                                                                      |   | 2011 |   |   | 2010 |   |
|                                                                                                      |   | (Unaudited) |   |   |   |   |
|                                                                                                      |   |   |   |   |   |   |
| ASSETS                                                                                                    |   |   |   |   |   |   |
|                                                                                                      |   |   |   |   |   |   |
| CURRENT ASSETS                                                                                            |   |   |   |   |   |   |
|    Cash                                                                                    |   | $ | 198,963 |   |   | $ | 135,325 |   |
|    Prepaid expenses and other current assets                                               |   |   | 13,531 |   |   |   | 21,147 |   |
| Total current assets                                                                                      |   |   | 212,494 |   |   |   | 156,472 |   |
|                                                                                                      |   |   |   |   |   |   |   |   |
|    Deposits                                                                                |   |   | 729,902 |   |   |   | 701,091 |   |
|    Construction in progress                                                                |   |   | 363,925 |   |   |   | 341,700 |   |
| TOTAL ASSETS                                                                                              |   | $ | 1,306,321 |   |   | $ | 1,199,263 |   |
|                                                                                                      |   |   |   |   |   |   |   |   |
|                                                                                                      |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                     |   |   |   |   |   |   |   |   |
|                                                                                                      |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                                                       |   |   |   |   |   |   |   |   |
|    Accounts payable and accrued liabilities                                                |   | $ | 76,211 |   |   | $ | 74,743 |   |
|    Notes payable, net of discount of $166,667 and $0, respectively                         |   |   | 83,333 |   |   |   | 1,210 |   |
| Total current liabilities                                                                                 |   |   | 159,544 |   |   |   | 75,953 |   |
|                                                                                                      |   |   |   |   |   |   |   |   |
|   Convertible notes payable, net of discount of $389,468 and $454,224, respectively             |   |   | 110,532 |   |   |   | 45,776 |   |
|                                                                                                      |   |   |   |   |   |   |   |   |
|   Derivative liability - convertible notes payable                                              |   |   | 971,852 |   |   |   | 960,668 |   |
|                                                                                                      |   |   |   |   |   |   |   |   |
|   Derivative liability - warrants                                                               |   |   | 739,149 |   |   |   | 725,683 |   |
|                                                                                                      |   |   |   |   |   |   |   |   |
| Total long term liabilities                                                                               |   |   | 1,821,533 |   |   |   | 1,732,127 |   |
| TOTAL LIABILITIES                                                                                         |   |   | 1,981,077 |   |   |   | 1,808,080 |   |
|                                                                                                      |   |   |   |   |   |   |   |   |
| STOCKHOLDERS' DEFICIT                                                                                     |   |   |   |   |   |   |   |   |
|    Preferred stock, $0.000001 par value, 20,000,000 shares authorized,                     |   |   |   |   |   |   |   |   |
|       none issued and outstanding                                           |   |   | - |   |   |   | - |   |
|    Common stock, $0.000001 par value, 1,000,000,000 shares authorized;                     |   |   |   |   |   |   |   |   |
|       43,527,250 and 43,227,250 shares issued and outstanding, respectively |   |   | 44 |   |   |   | 43 |   |
|    Additional paid in capital                                                              |   |   | 1,518,465 |   |   |   | 1,265,315 |   |
|    Deficit accumulated during the development stage                                        |   |   | (2,193,265 | ) |   |   | (1,874,175 | ) |
|   Total stockholders' deficit                                                                        |   |   | (674,756 | ) |   |   | (608,817 | ) |
|                                                                                                      |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                                               |   | $ | 1,306,321 |   |   | $ | 1,199,263 |   |

----

| ATLANTIC GREEN POWER HOLDING COMPANY                                         |   |
|------------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                                |   |
| Consolidated Statements of Operations                                        |   |
|                                                                         |   |   |   |   |   |   |   |   |   |
|                                                                         |   |   |   |   |   |   |   | Period from |   |
|                                                                         |   |   |   |   |   |   |   | September 17, |   |
|                                                                         |   | For theThree Months |   |   | For theThree Months |   |   | 2009 (Inception) |   |
|                                                                         |   | Ended |   |   | Ended |   |   | through |   |
|                                                                         |   | March 31, |   |   | March 31, |   |   | March 31, |   |
|                                                                         |   | 2011 |   |   | 2010 |   |   | 2011 |   |
|                                                                         |   | (Unaudited) |   |   | (Unaudited) |   |   | (Unaudited) |   |
|                                                                         |   |   |   |   |   |   |   |   |   |
| REVENUE                                                                      |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING EXPENSES                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|     Professional fees                                    |   |   | 44,581 |   |   |   | 66,696 |   |   |   | 284,559 |   |
|     Compensation                                         |   |   | 55,111 |   |   |   | - |   |   |   | 234,508 |   |
|     General and administrative                           |   |   | 44,520 |   |   |   | 75,905 |   |   |   | 272,160 |   |
| Total operating expenses                                                     |   |   | 144,212 |   |   |   | 142,601 |   |   |   | 791,227 |   |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS FROM OPERATIONS                                                         |   |   | (144,212 | ) |   |   | (142,601 | ) |   |   | (791,227 | ) |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| OTHER (INCOME) EXPENSE                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|      Interest income                                |   |   | (367 | ) |   |   | (2,346 | ) |   |   | (5,609 | ) |
|      Amortization of notes discount                 |   |   | 150,595 |   |   |   | - |   |   |   | 1,965,775 |   |
|      Change in fair value of derivative liabilities |   |   | 24,650 |   |   |   | - |   |   |   | (558,128 | ) |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Total other (income) expense                                  |   |   | 174,878 |   |   |   | (2,346 | ) |   |   | 1,402,038 |   |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS BEFORE INCOME TAXES                                                     |   |   | (319,090 | ) |   |   | (140,255 | ) |   |   | (2,193,265 | ) |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Income taxes                                                                 |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS                                                                     |   | $ | (319,090 | ) |   | $ | (140,255 | ) |   | $ | (2,193,265 | ) |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS PER  COMMON SHARE -                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|     BASIC AND DILUTED                                    |   | $ | (0.01 | ) |   | $ | (0.00 | ) |   |   |   |   |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF SHARES                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|    OUTSTANDING - BASIC AND DILUTED                            |   |   | 43,413,917 |   |   |   | 43,199,750 |   |   |   |   |   |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying notes to the consolidated financial statements.             |   |

----

| ATLANTIC GREEN POWER HOLDING COMPANY                                      |   |
|---------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                             |   |
| Statement of Changes in Stockholders' Equity (Deficit)                    |   |
| For the Period from September 17, 2009 (Inception) Through March 31, 2011 |   |
| (Unaudited)                                                               |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   | Deficit |   |   |   |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   | Total |   |
|                                                                      |   |   |   |   | Additional |   |   | During the |   |   | Stockholders' |   |
|                                                                      |   | Common Stock |   |   | Paid-In |   |   | Development |   |   | Equity |   |
|                                                                      |   | Shares |   |   | Amount |   |   | Capital |   |   | Stage |   |   | (Deficit) |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance - September 17, 2009                                              |   |   | 38,099,250 |   |   | $ | 38 |   |   | $ | 1,476,541 |   |   | $ | - |   |   | $ | 1,476,579 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reverse acquisition adjustment                                            |   |   | 5,100,500 |   |   |   | 5 |   |   |   | (289,895 | ) |   |   |   |   |   |   | (289,890 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (53,910 | ) |   |   | (53,910 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance - December 31, 2009                                               |   |   | 43,199,750 |   |   |   | 43 |   |   |   | 1,186,646 |   |   |   | (53,910 | ) |   |   | 1,132,779 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for services                                          |   |   | 27,500 |   |   |   |   |   |   |   | 44,000 |   |   |   |   |   |   |   | 44,000 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock options issued for services                                         |   |   |   |   |   |   |   |   |   |   | 37,820 |   |   |   |   |   |   |   | 37,820 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock options issued for services                                         |   |   |   |   |   |   |   |   |   |   | (37,820 | ) |   |   |   |   |   |   | (37,820 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Amortization of deferred compensation                                     |   |   |   |   |   |   |   |   |   |   | 34,669 |   |   |   |   |   |   |   | 34,669 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,820,265 | ) |   |   | (1,820,265 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance - December 31, 2010                                               |   |   | 43,227,250 |   |   |   | 43 |   |   |   | 1,265,315 |   |   |   | (1,874,175 | ) |   |   | (608,817 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued with convertible                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    note on February 4, 2011                                |   |   | 300,000 |   |   |   | 1 |   |   |   | 249,999 |   |   |   |   |   |   |   | 250,000 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Amortization of deferred compensation                                     |   |   |   |   |   |   |   |   |   |   | 3,151 |   |   |   |   |   |   |   | 3,151 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (319,090 | ) |   |   | (319,090 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance - March 31, 2011                                                  |   |   | 43,527,250 |   |   | $ | 44 |   |   | $ | 1,518,465 |   |   | $ | (2,193,265 | ) |   | $ | (674,756 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying notes to the consolidated financial statements.          |   |

----

| ATLANTIC GREEN POWER HOLDING COMPANY                                                                  |   |
|-------------------------------------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                                                         |   |
| Consolidated Statements of Cash Flows                                                                 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   | Period from |   |
|                                                                                                  |   |   |   |   |   |   |   | September 17, |   |
|                                                                                                  |   | For theThree Months |   |   | For theThree Months |   |   | 2009(Inception) |   |
|                                                                                                  |   | Ended |   |   | Ended |   |   | Through |   |
|                                                                                                  |   | March 31, |   |   | March 31, |   |   | March 31, |   |
|                                                                                                  |   | 2011 |   |   | 2010 |   |   | 2011 |   |
|                                                                                                  |   | (Unaudited) |   |   | (Unaudited) |   |   | (Unaudited) |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                 |   |   |   |   |   |   |   |   |   |
|    Net loss                                                                            |   | $ | (319,090 | ) |   | $ | (140,255 | ) |   | $ | (2,193,265 | ) |
|    Adjustments to reconcile net loss to net cash used in operating activities:         |   |   |   |   |   |   |   |   |   |   |   |   |
|        Stock compensation                                          |   |   | 3,151 |   |   |   | 6,305 |   |   |   | 83,820 |   |
|        Derivative liabilities recognized as interest expense       |   |   | - |   |   |   | - |   |   |   | 1,769,129 |   |
|        Change in fair value of derivative liabilities              |   |   | 24,650 |   |   |   | - |   |   |   | (558,128 | ) |
|        Amortization of convertible notes discount                  |   |   | 64,756 |   |   |   | - |   |   |   | 110,532 |   |
|        Amortization of note discount                               |   |   | 83,333 |   |   |   | - |   |   |   | 83,333 |   |
|    Changes in operating assets and liabilities:                                        |   |   |   |   |   |   |   |   |   |   |   |   |
|        Prepaid expenses and other current assets                   |   |   | 7,616 |   |   |   | - |   |   |   | (13,531 | ) |
|        Accounts payable and accrued liabilities                    |   |   | 1,468 |   |   |   | 5,000 |   |   |   | 76,216 |   |
|           Net cash used in operating activities     |   |   | (134,116 | ) |   |   | (128,950 | ) |   |   | (641,894 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|        Deposits                                                    |   |   | (28,811 | ) |   |   | (301,473 | ) |   |   | (729,902 | ) |
|        Construction in progress                                    |   |   | (22,225 | ) |   |   | - |   |   |   | (363,925 | ) |
|           Net cash used in investing activities     |   |   | (51,036 | ) |   |   | (301,473 | ) |   |   | (1,093,827 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|    Proceeds form sale of common stock                                                  |   |   | - |   |   |   | - |   |   |   | 1,184,684 |   |
|    Proceeds from convertible notes                                                     |   |   | - |   |   |   | - |   |   |   | 500,000 |   |
|    Proceeds from notes payable                                                         |   |   | 250,000 |   |   |   | - |   |   |   | 260,681 |   |
|    Payments of notes payable                                                           |   |   | (1,210 | ) |   |   | - |   |   |   | (10,681 | ) |
|           Net cash provided by financing activities |   |   | 248,790 |   |   |   | - |   |   |   | 1,934,684 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| NET CHANGE IN CASH                                                                                    |   |   | 63,638 |   |   |   | (430,423 | ) |   |   | 198,963 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH AT- BEGINNING OF PERIOD                                                                          |   |   |  135,325 |   |   |   | 1,088,522 |   |   |   | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH AT END OF PERIOD                                                                                 |   | $ | 198,963 |   |   | $ | 658,099 |   |   | $ | 198,963 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|  Supplemental disclosure of cash flow information:                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|    Interest paid                                                                       |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|    Income tax paid                                                                     |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |

----

----

----

----

|    |   |                                                                                                                                                        |
|---------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Level 1 |   | Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.                                              |
| Level 2 |   | Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. |
| Level 3 |   | Pricing inputs that are generally observable inputs and not corroborated by market data.                                                                    |

----

|                    | December 31, 2010 |
|-------------------------|-------------------|
| Risk-free interest rate | 3.0%              |
| Dividend yield          | 0.00%             |
| Expected volatility     | 100%              |
| Expected option life    | 5 years           |

----

|   (a) | · (a)The expected volatility is based on a combination of the historical volatility of the Company’s and comparable companies’ stock over the contractual life of the options. |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   (b) | · (b)The Company uses historical data to estimate employee termination behavior. The expected life of options granted is derived from Paragraph 718-10-S99-1 of the Codification and represents the period of time the options are expected to be outstanding. |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   (c) | · (c)The risk-free interest rate is based on the U.S. Department of the Treasury yield curve in effect at the time of grant for periods within the contractual life of the option. |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   (d) | · (d)The expected dividend yield is based on the Company’s current dividend yield as the best estimate of projected dividend yield for periods within the contractual life of the option. |
|------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                      |   | March 31, 2011 |      |
|-----------------------------------------------------------------------------------------------------------|--------|----------------|-----------|
| Stock options issued on February 5, 2010 to Rania Pontikos, Director of Technology and Strategic Planning |   |           | 200,000   |   |
| Convertible notes issued on October 12, 2010                                                              |   |           | 714,286   |   |
| Warrants issued with the convertible notes                                                                |   |           | 535,714   |   |
| Total                                                                                                     |   |           | 1,450,000 |   |

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|   | (a) | Transfers in and out of Levels 1 and 2. A reporting entity should disclose separately the amounts of significant transfers in and out of Level 1 and Level 2 fair value measurements and describe the reasons for the transfers. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Activity in Level 3 fair value measurements. In the reconciliation for fair value measurements using significant unobservable inputs (Level 3), a reporting entity should present separately information about purchases, sales, issuances, and settlements (that is, on a gross basis rather than as one net number). |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | Level of disaggregation. A reporting entity should provide fair value measurement disclosures for each class of assets and liabilities. A class is often a subset of assets or liabilities within a line item in the statement of financial position. A reporting entity needs to use judgment in determining the appropriate classes of assets and liabilities. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Disclosures about inputs and valuation techniques. A reporting entity should provide disclosures about the valuation techniques and inputs used to measure fair value for both recurring and nonrecurring fair value measurements. Those disclosures are required for fair value measurements that fall in either Level 2 or Level 3. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                               | Number of Option Shares            |    |   | Exercise Price Range Per Share |   |   | Weighted Average Exercise Price |   |      | WeightedAverageRemaining(in years)Contractual Term |   |   | Intrinsic Value (in thousands) |   |
|--------------------------------------------------------------------|---------------------------------------------------|---------|--------|----------------------------------------------------|--------|--------|-------------------------------------------|--------|-----------|---------------------------------------------------------|--------|--------|------------------------------------------|--------|
|                                                               |                                              |    |   |                                               |   |   |                                      |   |      |                                                    |   |   |                                     |   |
| Balance, January 1, 2010                                           | ---                                               |    |   | $                                                  | ---    |   |                                      | $      |  --- |                                                    |   |   |                                     |   | $  |  --- |   |
| Granted                                                            |      220,000             |    |   | $                                                  | 0.25   |   |                                      | $      | 0.25      |                                                    |   | .33    |                                     |   | $  |  41,602 |   |
| Cancelled                                                          |     (20,000                   | )  |   | $                                                  | ---    |   |                                      | $      | ---       |                                                    |   |   |                                     |   | $ | (3,782 | )  |
| Balance, December 31, 2010                                         |      200,000             |    |   | $                                                  | 0.25   |   |                                      |   | 0.25      |                                                    |   |   |                                     |   |  $ |  37,820 |   |
| Granted                                                            | -                                                 |    |   |                                               |   |   |                                      |   |      |                                                    |   |   |                                     |   |   |   |   |
| Cancelled                                                          | -                                                 |    |   |                                               |   |   |                                      |   |      |                                                    |   |   |                                     |   |   |   |   |
| Vested and Exercisable     March 31, 2011 |        200,000 |    |   | $                                                  | 0.25   |   |                                      | $      | 0.25      |                                                    |   |   |                                     |   | $ |  37,820 |   |

|                     |   |   | Options Outstanding |   | Options Exercisable                                      |   |
|--------------------------|--------|--------|---------------------|--------|----------------------------------------------------------|--------|
| Range of Exercise Prices |   |   | Number Outstanding  |   | Average Remaining Contractual Life  (in years) |   | Weighted Average Exercise Price |   | Number Exercisable | Average Remaining Contractual Life  (in years) |   | Weighted Average Exercise Price |   |
|                     |   |   |                |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| $                        | 0.25   |   |                |   | 200,000                                                  |   | 0.50 |   | $ | 0.25 |   | 183,334 | 0.50 |   | $ | 0.25 |   |
|                     |   |   |                |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| $                        | 0.25   |   |                |   | 200,000                                                  |   | 0.50 |   | $ | 0.25 |   | 183,334 | 0.50 |   | $ | 0.25 |   |

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| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
|---------|---------------------------------------------------------------------------------------------|

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| Item 3. | Quantitative and Qualitative Disclosures About Market Risk |
|---------|------------------------------------------------------------|

| Item 4. | Controls and Procedures |
|---------|-------------------------|

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| PART II.  OTHER INFORMATION |
|---------------------------------------|

| Item 1. | Legal Proceedings |
|---------|-------------------|

| Item 1A. | Risk Factors |
|----------|--------------|

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|---------|-------------------------------------------------------------|

| Item 3. | Defaults Upon Senior Securities |
|---------|---------------------------------|

| Item 4. | (Removed and Reserved.) |
|---------|-------------------------|

| Item 5. | Other Information |
|---------|-------------------|

| Item 6. | Exhibits |
|---------|----------|

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|                                                                                                              | Atlantic Green Power Holding Company                                                       |
|-------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------|
|                                                                                                              | Registrant                                                                                      |
|                                                                                                              |                                                                                            |
|                                                                                                              |                                                                                            |
| Date:             May 16, 2011    | /s/ Robert Demos, Jr.                                                                      |
|                                                                                                              | Robert Demos, Jr.                                                                               |
|                                                                                                              | President and Chief Executive Officer                                                           |
|                                                                                                              | (Principal Executive Officer)                                                                   |
|                                                                                                              |                                                                                            |
|                                                                                                              |                                                                                            |
| Date:             May 16, 2011              | /s/ Frank D’Agostino, Jr.                                                                 |
|                                                                                                              | Frank D’Agostino, Jr.                                                                     |
|                                                                                                              | Chief Financial Officer and Director of Business Development (Principal Financial Officer) |

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| EXHIBIT INDEX |
|---------------|

| Exhibit No. | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1         | Agreement and Plan of Exchange by and among the Company, Atlantic Green Power Corporation and Ian McKinnon, dated January 29, 2010 (Incorporated by reference to Exhibit 2.1 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 2.2         | Stock Purchase Agreement by and between the Company and Ian McKinnon, dated January 29, 2010 (Incorporated by reference to Exhibit 2.2 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 3.1         | Amended and Restated Certificate of Incorporation of the Company (Incorporated by reference to Exhibit 3.1 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 3.2         | Amended and Restated By-laws of the Company (Incorporated by reference to Exhibit 3.2 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 4.1         | Form of Convertible Promissory Note, dated October 12, 2010, issued to the following subscribers and in the following amounts:  Alpha Capital Anstalt ($350,000); and Adventure Ventures LLC ($150,000) (Incorporated by reference to Exhibit 4.1 to the Company’s Form 8-K filed with the SEC on October 15, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.1        | Atlantic Green Power Holding Company Equity Incentive Plan (Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.2        | Ground Lease Agreement between Edward Stella, Jr. and Atlantic Green Power Corporation, effective November 30, 2009 (Incorporated by reference to Exhibit 10.5 to the Company’s Form 10-K filed with the SEC on March 31, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.3        | East Tract Ground Lease Agreement between Edward J. Stella, Jr. and Atlantic Green Power Corporation dated August 6, 2010 (Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed with the SEC on August 12, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.4        | West Tract Ground Lease Agreement between Edward J. Stella, Jr. and Atlantic Green Power Corporation dated August 6, 2010 (Incorporated by reference to Exhibit 10.2 to the Company’s Form 8-K filed with the SEC on August 12, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.5        | Subscription Agreement, dated as of October 12, 2010, by and among Atlantic Green Power Holding Company (the “Company”) and Alpha Capital Anstalt and Adventure Ventures LLC, including Exhibit B – Form of Common Stock Purchase Warrant.  Upon the request of the Securities and Exchange Commission, the Company agrees to furnish copies of each of the following schedules and exhibits:  Schedule 5(a) – Subsidiaries; Schedule 5(d) – Capitalization and Additional Issuances; Schedule 5(l) – Defaults; Schedule 5(p) – No Undisclosed Events or Circumstances; Schedule 5(q) – Banking; Schedule 5(x) – Transfer Agent; Schedule 9(e) – Use of Proceeds; Exhibit A – Form of Convertible Note (included as Exhibit 4.1); Exhibit C – Form of Escrow Agreement (Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed with the SEC on October 15, 2010). |
| 10.6        | Subscription Agreement, dated as of February 4, 2011, by and between the Company and Whalehaven Capital Fund Limited (Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed with the SEC on February 8, 2011).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.7        | Sale and Purchase Agreement, dated as of April 20, 2011, by and between Atlantic Green Power Corporation and Invenergy Solar Development LLC.  Upon the request of the SEC, the Company agrees to furnish copies of each of the following schedules and exhibits:  Schedule 3.10 – Seller Contracts; Schedule 3.11 – Company Assets; Schedule 4.8 – Purchaser Contracts; Exhibit A – Operating Agreement; Exhibit B – Membership Interest Transfer Instrument; Exhibit C – Seller Officer’s Certificate; Exhibit D – Letter of Resignation; and Exhibit E – Purchaser Officer’s Certificate (Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed with the SEC on May 2, 2011).                                                                                                                                                                                             |
| 31.1        | Section 302 Certification of Principal Executive Officer.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 31.2        | Section 302 Certification of Principal Financial Officer.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 32.1        | Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 32.2        | Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

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