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Westbridge Renewable Provides Supplemental Information Regarding 1.4 GW Sale of Five Alberta Solar Projects
Westbridge Renewable Provides Supplemental Information Regarding 1.4 GW Sale of Five Alberta Sola...
About this update from Westbridge Renewable Energy Corp
[{"type":"text","content":"\n\n \n \n \n Westbridge Renewable Provides Supplemental Information Regarding 1.4 GW Sale of Five Alberta Solar Projects\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 \n TORONTO\n \n \n ,\n \n \n June 5, 2023\n \n \n /CNW/ - Westbridge Renewable Energy Corporation, a\n \n Canada\n \n -based renewable energy company (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) (\"\n \n Westbridge Renewable\n \n \" or the \"\n \n Company\n \n \") provides supplemental information to its press release entitled \"Westbridge Renewable Reaches Definitive Agreements with MYTILINEOS to Monetize 1.4 GW Alberta Solar PV Portfolio\" issued on\n \n June 1, 2023\n \n (the \"\n \n Initial Press Release\n \n \") regarding the entering into of the arms' length definitive agreements (each a \"\n \n Share Purchase Agreement\n \n \") in connection with the purchase by Metka-EGN Ltd. (\"\n \n Metka\n \n \") (a subsidiary of MYTILINEOS Energy & Metals (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US) (\"\n \n MYTILINEOS\n \n \")) of all the issued and outstanding shares of each of the following subsidiaries of\n \n Westbridge\n \n : Georgetown Solar Inc. (\"\n \n \n Georgetown\n \n \n \"), Red Willow Solar Inc. (\"\n \n \n Red Willow\n \n \n \"), Eastervale Solar Inc. (\"\n \n Eastervale\n \n \"), Dolcy Solar Inc. (\"\n \n Dolcy\n \n \"), and Sunnynook Solar Energy Inc. (\"\n \n Sunnynook\n \n \") (collectively, the \"\n \n SPVs\n \n \") (the \"\n \n Transaction\n \n \").\n \n \n \n \n \n \n \n \n \n \n The Projects:\n \n \n \n The projects of the SPVs are comprised of the following (collectively, the \"\n \n Projects\n \n \"):\n \n \n \n \n Georgetown\n \n - Solar power plant with a capacity of up to 230MWac (278MWdc) located in Vulcan County,\n \n Alberta\n \n (the \"\n \n Georgetown Project\n \n \");\n \n \n Sunnynook – Solar power plant with a capacity of up to 280 MWac (332 MWdc), located in Special Area No. 2,\n \n Alberta\n \n ;\n \n \n Dolcy – Solar power plant with a capacity of up to 200 MWac (246 MWdc...