Westbridge acquires controlling stake in Canadian solar company
- Sunnynook Solar Energy is developing 236MWdc solar and 100MW battery system
Westbridge Energy Corporation has actually obtained a 75% regulating passion in Sunnynook Solar Energy which is creating a brand-new 236MWdc solar and also 100MW battery energy storage system project in Alberta, Canada.
The offer is according to a definitive contract dated 30 November 2021.
The project has actually safeguarded site control in the form of a lasting solar lease covering around 940 acres.
It is presently in Stage 1 of the Alberta Electric System Operator (AESO) interconnection process, with environmental studies underway in accordance with Alberta Atmosphere and also Parks standards.
Westbridge chief running police officer as well as supervisor Maggie McKenna said: "The purchase of Sunnynook considerably broadens Westbridge's impact in Alberta from 278MWdc to 514 MWdc and further shows the Company's capability to come from and obtain utility-scale growth possessions in leading jurisdictions for solar project development.
" This acquisition validates Westbridge's placement as one of the largest, fastest-growing solar PV developers in Canada by MW, and further expands its renewable resource profile in terms of asset location and also the allowing innovations utilized.
" The Sunnynook project will supply tidy, renewable resource to Albertans as well as benefit the neighborhood economic climate by creating new jobs in a fast-growing industry."
Westbridge president Stefano Romanin included: "Sunnynook will certainly employ leading-edge modern technologies, combining solar PV generation with an innovative battery energy storage system, mitigating the intermittency of solar power.
" The value of BESS is highlighted by the current Energy Storage Roadmap (ES Roadmap) that sets out the AESO's plan to promote the dependable assimilation of energy storage modern technologies throughout the Alberta Interconnected Electric System."
Westbridge currently controls 3 utility-scale solar PV advancement projects completing 735MW, including 2 Alberta solar PV projects as well as the lately introduced 221MW growth project in Accalia Point, Texas.
The Company has additionally started two BESS projects in Alberta which could include an extra 200MW of battery storage capability.
Westbridge said it got on track to fulfill or go beyond management's target of 1GW of development assets in the initial year of operations upload RTO.
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