Westbridge Announces the Origination of 300 MWp Eastervale Solar PV plus 200MW/400 MWh Battery Energy Storage System in Alberta
Nov 16, 2022
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Westbridge Renewable Energy Corporation is pleased to announce the addition of the Eastervale Project ("Eastervale"), located in the Municipality of Provost, in east-central Alberta, Canada, to the Company's rapidly growing portfolio. The Eastervale Project target capacity is 300 MWp solar photovoltaic and 200MW/400MWh of Battery Energy Storage System ("BESS") with a two-hour battery duration.
Maggie McKenna, Director and COO, commented, "The Eastervale Project has secured site control in the form of a long-term solar lease with private landowners. It is currently in Stage 2 of the Alberta Electric System Operator (the "AESO") interconnection process, with environmental and wildlife field studies underway in accordance with Alberta Environment and Parks ("AEP") guidelines."
Stefano Romanin, Director and CEO, commented, "With the addition of Eastervale to our portfolio, we now control five utility-scale Solar PV development projects in Canada and the U.S., and a stand-alone BESS project in the UK, three of the most important jurisdictions for renewables. Eastervale complements our robust portfolio in Alberta, where we continue to see significant opportunities for origination and acquisitions, particularly as we progress the flagship Georgetown project towards monetization."
The Company's origination team continues to evaluate multiple new solar and battery storage development projects in Alberta, the U.S., and the UK to further scale and strengthen the current portfolio. Westbridge is focused on maximizing the return on our renewable energy assets through accretive project monetization and retention of royalties, where applicable. This approach is expected to enhance long-term cashflow and build long-term shareholder value. The current portfolio of projects is listed below:
Westbridge Renewable Energy Development Portfolio (November 02, 2022)
Project | Solar PV | BESS Capacity2 | Location | Status |
Georgetown | 278 MWp | 100 MW / 200 MWh | Alberta | Stage 3 AESO |
Sunnynook | 236 MWp | 100 MW / 200 MWh | Alberta | Stage 3 AESO |
Dolcy | 250 MWp | 100 MW / 200 MWh | Alberta | Stage 2 AESO |
Accalia Point | 221 MWp | Texas | Development | |
Fiskerton | 53 MW/106 MWh | UK | Development | |
Eastervale | 300 MWp | 200 MW / 400 MWh | Alberta | Stage 2 AESO |
Total Portfolio |
1,285 MWp
| 553 MW / 1,106 MWh | ||
Notes: | |
1. | The capacity of the projects may change during the development (increasing or decreasing) due to grid connection and environmental constrains |
2. | The BESS capacity has been updated for the entire portfolio to add the MWh capacity, considering 2h battery will be used |
Westbridge Renewable Energy Corp. develops best-in-class, utility-scale solar PV projects. The Company plans to deliver attractive, long-term returns by originating, executing, and developing an international portfolio of renewable assets for investors and utilities. Management has a strong track-record with 40+ projects developed worldwide, obtaining, and executing permits on time and within budget. As one of the very few listed pure-play Canadian solar development companies, Westbridge provides its investors with valuable access to greenfield solar projects. This means the Company can invest at the earliest stage of solar energy development benefiting from the full value chain as well as the expected wider adoption of renewable energy going forward. Westbridge brings together regulators, corporate buyers, and landowners with the goal of delivering clean, sustainable electricity to end users.
On behalf of the Board of Directors,
Scott M. Kelly | Nisha Hasan |
Executive Chair & Director | Momentum IR Corp. |
class="prnews_span">Skelly@westbridge.energy | class="prnews_span">Nhasan@westbridge.energy |
+1 416 998-4714 | +1 416 888-4219 |
www.westbridge.energy
URL : http://westbridge.energy
Contact Information:
Nhasan@westbridge.energyTags: United States, English