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Leyline Closes Its First International Loan with Westbridge Renewable Energy Corporation
Leyline Closes Its First International Loan with Westbridge Renewable Energy Corporation ...
About this update from Westbridge Renewable Energy Corp
[{"type":"text","content":"\n \n \n \n Leyline Closes Its First International Loan with Westbridge Renewable Energy Corporation\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Leyline's Bridge Capital financing will support the construction of a 278 MW solar project in southern\n \n Alberta\n \n \n \n \n \n \n DURHAM, N.C.\n \n \n ,\n \n \n Dec. 12, 2022\n \n \n /CNW/ --\n \n Leyline Renewable Capital\n \n , a leading provider of flexible capital solutions for renewable energy developers, today announced it closed its first international loan with developer\n \n Westbridge Renewable Energy Corp.\n \n , a Canadian renewable energy company listed on the TSX Venture Exchange (TSXV: WEB) and the OTCQX Best Market (OTCQX: WEGYF). The loan will support the 278 MW\n \n Georgetown Solar\n \n project in southern\n \n Alberta\n \n .\n \n Georgetown\n \n may borrow up to a maximum of the U.S. dollar equivalent of\n \n $4,830,000\n \n Canadian dollars.\n \n \n \n \n \n \n \n \n \n \"This partnership with Westbridge Renewable represents an important step for Leyline as we venture into new markets,\" said\n \n Erik Lensch\n \n , CEO of Leyline. \"We are eager to support strong developers like Westbridge Renewable with projects in regions like\n \n Alberta\n \n that have been historically dominated by fossil fuels, but are shifting toward and very supportive of renewable energy.\"\n \n \n The Georgetown Solar project is located in Vulcan County,\n \n Alberta\n \n on 710 acres of privately owned, non-agricultural land.\n \n Westbridge\n \n will use the loan to satisfy a security deposit requirement with the Alberta Electricity System Operator.\n \n \n \"Leyline Renewable Capital is a leading provider of debt for renewable energy development, backed by a team with deep experience in renewable investing. Partnering with Leyline strategically bridges the gap between development and construction on our flagship project Georgetown Solar PV. This loan allows us to fund the security payment for the Generating Unit Owner's Contribution and scal...