Westbridge announces the origination of 250 MW Dolcy Solar PV Project and 100 MW battery storage system in Alberta

Westbridge Energy Corporation has announced the addition of the Dolcy Solar and Battery Storage Project (“the Dolcy Project”), located in the Municipality of Provost, in east-central Alberta, Canada, to its portfolio. The Project is targeting a total capacity of 250MWac solar photovoltaic and 100MW of Battery Energy Storage System (“BESS”).

Stefano Romanin, CEO, commented, “With the addition of Dolcy to our portfolio, we now control four utility-scale solar PV development projects totalling 985 MW, and 300 MW of battery storage capacity for a total of 1,285 MW. This project complements our robust portfolio in Alberta, where we continue to see significant opportunities for origination and acquisitions, particularly as we progress the Georgetown solar project. The Dolcy Project confirms our ability to originate greenfield projects and allows the Company to surpass our 1GW target before the anticipated milestone of 12 months after RTO.

The Dolcy Project has secured site control in the form of a long-term solar lease covering approximately 1,025 acres with private landowners. It is currently in Stage 1 of the Alberta Electric System Operator (the “AESO”) interconnection process, with environmental studies underway in accordance with Alberta Environment and Parks guidelines.

The Company’s origination team continues to evaluate multiple solar and battery storage development projects to further scale and strengthen its portfolio, with a vision of maximizing the return on renewable energy assets through accretive project monetization and retention of royalties. This approach is expected to enhance long-term cashflow and build long-term shareholder value.

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