Westbridge Renewable Acquires Canadian Battery Energy Storage PV Project
- Westbridge Renewable Energy Corporation has acquired the 295MWp Red Willow Project in Alberta, Canada, including 100MW/200MWh of battery energy storage system (BESS). This solar energy news highlights the potential of renewable energy sources and the commitment to sustainability.
Westbridge Renewable Energy Corporation has acquired the 295MWp Red Willow Project in Alberta, Canada, which includes 100MW/200MWh of battery energy storage system (BESS). The site is in Stage 2 of the Alberta Electric System Operator (AESO) interconnection process, and Westbridge recently submitted environmental and wildlife field studies to Alberta Environment and Parks (AEP). The project has secured site control in the form of a long-term solar lease with private landowners. According to Maggie McKenna, Westbridge director and chief operating officer, the project complements their robust portfolio in Alberta. (Source: PV Magazine)
Why does it matter?
This news highlights the potential of renewable energy sources and the commitment to sustainability. The acquisition of the Red Willow Project is an example of Westbridge's commitment to maximize the return on its renewable energy assets through accretive project monetisation and retention of royalties, where applicable. The project is an important step in the development of renewable energy sources, as it will provide clean energy to the region.
Westbridge's origination team is continuing to evaluate multiple new solar and battery storage development projects in Alberta, the US and the UK to further scale and strengthen the current portfolio. The company is also looking to engage with stakeholders and the local community in Alberta. Westbridge is dedicated to developing renewable energy sources and providing clean energy to the region.