Westbridge Renewable acquires Canadian solar and BESS
Power Finance & Risk is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Westbridge Renewable acquires Canadian solar and BESS

Solar energy panels in Whiteshell Provincial Park, Manitoba, Canada.

Vancouver-based Westbridge Renewable Energy has acquired the Red Willow Project, a 295MWp solar photovoltaic and 100MW/200MWh battery energy storage system (BESS).

Located in central Alberta, the project is in the second stage of the Alberta Electric System Operator (AESO) interconnection process, to obtain new or altered system access service on the province's transmission system.

The renewables company recently submitted environmental and wildlife field studies to Alberta Environment and Parks (AEP) to request a referral letter, which will be used for Red Willow's application for power plant approval.

Maggie McKenna, director and chief operating officer, said: "The Red Willow Project has secured site control in the form of a long-term solar lease with private landowners. We look forward to kicking off engagement with stakeholders and the local community."

She added: “Red Willow complements our robust portfolio in Alberta, where we continue to see significant opportunities for origination and acquisitions."

Westbridge is focused on maximizing the return on its renewable energy assets through accretive project monetization and retention of royalties.

Westbridge's origination team is evaluating multiple new solar and battery storage development projects in Alberta, the US and the UK to further scale and strengthen its portfolio.

A version of this story first appeared on IJGlobal.