Westbridge renewable announces the origination of 295MWdc Red Willow Solar PV Plus 100MW/200mwh battery energy storage system in Alberta.
Westbridge Renewable Energy Corporation (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) (“Westbridge”, “Westbridge Renewable” or the “Company”) announce the addition of the Red Willow Project (“Red Willow”), located in Stettler County No. 6, in central Alberta, Canada, to the Company’s continuously growing portfolio.
The Red Willow Project target capacity is 295 MWp solar photovoltaic and 100MW/200MWh of Battery Energy Storage System (“BESS”) with a two-hour battery duration.
The Red Willow Project is in Stage 2 of the Alberta Electric System Operator (“AESO”) interconnection process. Westbridge recently submitted environmental and wildlife field studies to Alberta Environment and Parks (“AEP”), in a request for a Referral Letter, which will be then submitted to the Alberta Utility Commission (“AUC”) as part of Red Willow’s application for power plant approval.
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Maggie McKenna, Director and Chief Operating Officer, commented:
The Red Willow Project has secured site control in the form of a long-term solar lease with private landowners.
“We look forward to kicking off engagement with stakeholders and the local community. Red Willow complements our robust portfolio in Alberta, where we continue to see significant opportunities for origination and acquisitions.”
The Company’s origination team continues to evaluate multiple new solar and battery storage development projects in Alberta, the US and the UK to further scale and strengthen the current portfolio.
Westbridge is focused on maximizing the return on its renewable energy assets through accretive project monetization and retention of royalties, where applicable. This approach is expected to enhance long-term cashflow and build long-term shareholder value. The current portfolio of projects is listed below:
Westbridge Renewable Energy Current Project Portfolio
About Westbridge Renewable Energy
Westbridge Renewable Energy Corp. develops best-in-class, utility-scale solar PV projects. The Company has a portfolio of projects in three key jurisdictions, Canada, the U.S., and the UK. Westbridge plans to deliver attractive, long-term returns by originating, executing, and developing an international portfolio of renewable assets for investors and utilities.
Management has a strong track-record with 40+ projects developed worldwide, obtaining, and executing permits on time and within budget. As one of the very few listed pure-play Canadian solar development companies, Westbridge provides its ESG minded investors with valuable access to greenfield solar projects.
This means the Company can invest at the earliest stage of solar energy development benefiting from the full value chain as well as the expected wider adoption of renewable energy going forward. Westbridge brings together regulators, corporate buyers, and landowners with the goal of delivering clean, sustainable electricity to end users.
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Westbridge Renewable Announces the Origination of 295MWdc Red Willow Solar PV Plus 100MW/200MWh Battery Energy Storage System in Alberta, TORONTO, February 1, 2023
