Westbridge acquires majority stake in 236-MW solar project in Canada

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Westbridge Energy Company, a renewable energy firm, has reportedly acquired a controlling stake of 75% in Sunnynook Solar Energy, a firm which is currently working on a 100MW BESS (battery energy storage system) and 236 MW solar project in Alberta, Canada.

At present, the project is in the initial phase of the Alberta Electric System Operator interconnection process, with environmental studies undergoing in line with the guidelines issued by Alberta Environment and Parks.

With this acquisition, Westbridge now owns around three projects of utility-scale solar development, totaling the capacity of 735 MW. The firm has also introduced two BESS projects in Alberta, adding a battery storage capacity of 200MW to its portfolio.

Although Canada is a relatively more promising solar market compared to the United States, the country's commitment to solar has recently grown. The country ended recorded an overall solar capacity of around 3,000 MW along with approximately 70MW of solar being installed in 2020.

That number is further estimated to grow significantly in the coming years. For instance, the Canadian Renewable Energy Association assumes close to 2GW of wind and solar projects to commence construction or complete installation before the end of the year.

The country is also witnessing a rise in geographic diversity of projects. Early, installations in Canada were mostly confined to Ontario.

Incidentally, along with the Sunnynook project, Westbridge is also developing the 230 MW Georgetown Solar Project, planned to be built on 710 acres of cultivated farmland southeast of Calgary.

Alberta is also planned to be home to the ongoing 400 MW Travers Solar project.

Currently, Westbridge's sole U.S. solar asset is the Accalia Point Solar project that holds a 221 MW capacity and was acquired from Aelius Solar in October. The project is sited in Texas, near South Padre Island and the U.S. – Mexico border. The project and interconnection agreement is anticipated to be completed in the first quarter of 2023 by Westbridge.

Source Credit - https://pv-magazine-usa.com/2021/12/02/westbridge-acquires-a-236-mw-canadian-solar-project/