|

Westbridge sells 75% stake in Alberta’s Sunnynook solar project to METLEN

By

Westbridge Renewable Energy has completed the sale of its 75% stake in the Sunnynook solar and battery energy storage system (BESS) project to METLEN Energy & Metals. 

Located in Alberta’s Special Area No. 2, the 332 MWdc Sunnynook solar project includes a 200 MWh BESS and is approved by the Alberta Utilities Commission, currently progressing in the Alberta Electrical System Operator’s connection process. 

The C$41.4 million ($29.7 million) transaction involved 3% of the purchase price at signing and 92% at closing, with the balance due upon commercial operations. The project will provide clean energy for 50,000 homes. 

Westbridge retains ownership of three additional Alberta subsidiaries with separate share purchase agreements with METLEN, pending regulatory approvals.

Similar Posts

|

Hero Electric resumes production, seeks Rs 1-2 billion investment to scale up

By

Hero Electric has restarted production at its factory in July, initially operating on a smaller scale with limited scooter manufacturing. To return to full production capacity, the company is seeking an investment of Rs 1-2 billion from both existing and new investors, including private equity funds. The company has also responded to recent claims from some of its 800 dealers, who allege that Hero Electric owes Rs 5 billion in advances for electric two-wheelers. Hero…

|

EDF Renewables signs PPA with OPPD for 300 MW Milligan 1 Wind project

By

EDF Renewables North America has entered a 20-year power purchase agreement (PPA) with Omaha Public Power District (OPPD) to supply clean energy from its 300MW Milligan 1 Wind project in Nebraska. Operational since 2021, Milligan 1 is owned and developed by EDF Renewables. OPPD President Javier Fernandez highlighted the project’s role in diversifying and expanding OPPD’s energy portfolio, which will help meet the growing electricity demand in Nebraska. OPPD aims to add 3.2 GW of…

|

Adani Power to continue supplying power to Bangladesh despite new export guidelines

By

Adani Power has announced that it will continue supplying power to Bangladesh from its 1,600 MW Jharkhand plant, which was established to exclusively supply electricity to the neighbouring nation. This comes after a recent amendment by India’s power ministry to the power import/export guidelines, allowing export-oriented plants to sell power within India under certain conditions, such as non-scheduling or payment defaults. Despite this amendment, Adani Power clarified that the change is a universal provision designed…

|

South Africa partners with BRICS nations to tackle energy crisis

By

South Africa is addressing its energy crisis through partnerships with BRICS nations to enhance its power infrastructure. The New Development Bank (NDB) has already pledged USD 5 billion to support South Africa’s energy transition, including financing the construction of 14,000 km of new electricity transmission lines by 2030. This expansion is essential to accommodate the country’s goal of increasing renewable energy generation to 55 GW by 2032. NDB will leverage the experiences of China, Brazil,…

|

Orb Energy commissions 800 kW rooftop solar system at Esteem Industries

By

Orb Energy has installed an 800-kW rooftop solar system at Esteem Industries in Alonde, Wada, Maharashtra.  The system is set to generate over 1 million units of electricity annually, meeting approximately 80% of Esteem Industries’ daytime electricity needs and reducing carbon emissions by around 1,000 tonnes per year. The installation is expected to produce around 3,100 kWh of solar energy daily. Esteem Industries, a surfactants and specialty chemicals manufacturer, will benefit from significant cost savings…

|

Scatec, Aeolus to develop 120 MW solar projects in Tunisia

By

Scatec ASA and Aeolus SA, part of Toyota Tsusho Group, have partnered to develop 120 MW of solar projects in Tunisia. Financial close has been achieved for the Sidi Bouzid and Tozeur projects, each 60 MW, with Scatec starting construction. Aeolus acquired a 49% stake, with Scatec holding 51%. The projects, selected by Japan’s Ministry of the Environment for the JCM Model Projects in FY2023, have a total cost of EUR 79 million. The financing…

Leave a Reply

Your email address will not be published. Required fields are marked *