Business
Westbridge Renewable Provides Update on Project Portfolio and Previously Announced Alberta Transactions
Westbridge Renewable Provides Update on Project Portfolio and Previously Announced Alberta Transa...
About this update from Westbridge Renewable Energy Corp
[{"type":"text","content":"\n \n \n \n Westbridge Renewable Provides Update on Project Portfolio and Previously Announced Alberta Transactions\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\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 Sept. 7, 2023\n \n \n /CNW/ -\n \n Westbridge Renewable Energy Corporation\n \n (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) (\"\n \n \n Westbridge\n \n \n \", \"\n \n Westbridge Renewable\n \n \" or the \"\n \n Company\n \n \") is pleased to provide an update on the transactions previously announced\n \n June 1, 2023\n \n and\n \n June 5, 2023\n \n . On\n \n June 1, 2023\n \n , the Company announced entering into five definitive agreements (each a \"\n \n Share\n \n \n Purchase\n \n \n Agreement\n \n \") for 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 Transactions\n \n \").\n \n \n \n \n \n \n \n \n \n The projects of the SPVs are comprised of the following (each, a \"\n \n Project\n \n \", collectively, the \"\n \n Projects\n \n \"):\n \n \n \n \n \n Georgetown\n \n \n – Solar power plant with a capacity of up to 230MWac (278 MWdc) located in Vulc...