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Westbridge Secures CAD$4,830,000 Financing for Georgetown Solar PV and Battery Energy Storage Project
Westbridge Secures CAD$4,830,000 Financing for Georgetown Solar PV and Battery Energy Storage Pro...
About this update from Westbridge Renewable Energy Corp
[{"type":"text","content":"\n \n \n \n Westbridge Secures CAD$4,830,000 Financing for Georgetown Solar PV and Battery Energy Storage Project\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.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Dec. 7, 2022\n \n \n /CNW/ - Westbridge Renewable Energy Corporation (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) (\"\n \n Westbridge Renewable\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that its wholly-owned subsidiary, Georgetown Solar Inc. (\"\n \n \n Georgetown\n \n \n \"), has secured financing to fund its AESO contribution requirement for its flagship project, the Georgetown Solar + Energy Storage (the \"\n \n Project\n \n \").\n \n \n \n \n \n \n \n \n \n Pursuant to a loan agreement (the \"\n \n Loan Agreement\n \n \") dated\n \n December 5, 2022\n \n between the Company,\n \n Georgetown\n \n and Westbridge Investco, LLC (a lending entity established by Leyline Renewable Capital, LLC) (the \"\n \n Lender\n \n \"),\n \n Georgetown\n \n may borrow up to a maximum of the U.S. dollar equivalent of\n \n CAD$4,830,000\n \n (the \"\n \n Loan\n \n \").\n \n \n Westbridge Renewable CFO\n \n Philip Stubbs\n \n commented\n \n \"Leyline Renewable Capital is a leading provider of debt and equity for renewable energy development backed by a team with deep experience in renewable investing. Partnering with Leyline strategically bridges the gap betwe...