07 Nov 2022
Westbridge Renewable Energy Corporation (TSXV: WEB) (OTCQB: WEGYF) (FRA: PUQ3) ("Westbridge", "Westbridge Renewable" or the "Company") is pleased to announce that its wholly-owned subsidiary, Georgetown Solar Inc. ("Georgetown"), has obtained Power Plant and Battery Energy Storage System ("BESS") Approval (Decision 27205-D02-2022) and a Substation Permit and License (Decision 27205-D03-2022) from the Alberta Utilities Commission (the "AUC") for its flagship project, the Georgetown Solar + Energy Storage Project (the "Georgetown Project" or the "Project").
The Georgetown Project marks the first of four Alberta projects of Westbridge to receive power plant and BESS approval from the AUC. The approvals allow Georgetown to construct and operate the Project, located near Mossleigh in Vulcan County, Alberta. The Project consists of a solar power plant with a capacity of up to 230 MWac/278MWdc, BESS with capacity of up to 200 MWh and the associated Mossleigh 1051S Substation. Approval is granted subject to provisions by the Hydro and Electric Energy Act and the Alberta Utilities Commission Act.
Stefano Romanin, Director, and CEO, commented, "We are pleased to have achieved this important milestone for Westbridge Renewable, validating our work as a leading solar developer and confirming the strength of our team, business model, and quality of our projects. This approval confirms our ability to originate high-quality greenfield projects, and add significant value by taking them to shovel-ready approval."
Maggie McKenna, Director, and COO, commented, "We are excited to have received this decision after all of the hard work that has been put into the Project by Westbridge and the greater team of professionals we work with. It is a job well done by everyone involved and we thank everyone including the stakeholders that participated in the process. This accomplishment brings the Georgetown Project closer to monetization."
Westbridge Renewable Energy has five utility-scale solar PV projects and four BESS projects in North America and one standalone BESS project in the UK, totalling 1285MWp of Solar PV and 500MW/1GWh of BESS under development in its growing portfolio.
Westbridge Renewable Energy | www.westbridge.energy