Westbridge Renewable Applauds the Government of Canada's Renewed Strategic Incentives for Energy Transition

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Westbridge Renewable Applauds the Government of Canada's Renewed Strategic Incentives for Energy Transition /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } .prngen3{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: RIGHT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt } .prngen2{ PADDING-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 } .prnml4{ MARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT } .prnbcc{ BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black } .prntac{ TEXT-ALIGN: CENTER } Canada NewsWire TORONTO , March 30, 2023 /CNW/ - Westbridge Renewable Energy Corporation (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) (" Westbridge ", " Westbridge Renewable " or the " Company ") is pleased to share key highlights from the Canadian Federal Government's continued commitment to strategic clean energy incentives announced in its 2023 budget on March 28, 2023 ("Budget 2023" or "the Budget"). Budget 2023 aims to support Canadian businesses in leveraging the global shift towards a sustainable economy by investing in solar energy, wind energy, and electricity infrastructure, facilitating the transition towards a net-zero economy by 2050. As one of Canada's prominent solar and battery storage developers, Westbridge is poised to reap substantial benefits from these policy initiatives, owing to its leading position by megawatt capacity in the sector and an expanding portfolio in Alberta, Canada . Highlights from Budget 2023 include: Positioning the Growing Clean Economy as one of the three main priorities of the Budget, which also includes Health Care/Dental, and Affordability. The setting of a formal policy objective to move the national electricity grid to net-zero by 2035. $20.9 billion over 6 years in Investment Tax Credits ("ITC") to promote investment in green technologies, which includes, amongst other initiatives: Clean Technology ITC: A refundable 30% ITC on capital cost of...

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