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

Global, News

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…

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Westbridge secures approval for Dolcy Solar + Energy Storage project in Alberta

Global, News

Westbridge Renewable Energy’s subsidiary, Dolcy Solar, has received approval from the Alberta Utilities Commission (AUC) for its 300 MWac Dolcy Solar + Energy Storage project in Canada. The project includes a solar power plant with a capacity of up to 300MWac, paired with battery energy storage systems (BESS) capable of storing up to 200MWh of energy. It will also feature a substation for energy integration and distribution. The approval is subject to conditions outlined by…

Power Sector News Roundup for November 6, 2024

Power Bytes

Global: Westbridge sells 75% stake in Alberta’s Sunnynook solar project to METLEN Emeren and Arpinge partner on 300MW battery storage portfolio in Italy EDF Renewables signs 20-year energy storage PPA with APS for 250 MW Beehive BESS UAE’s Nakheel and DEWA partner on 132 kV substation in Palm Jebel Ali Canada proposes 35% emissions cap on oil and gas sector by 2030 ACCIONA Energía acquires 300 MW of wind capacity in Texas FTC Solar to…

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Indian auto sector records $1.9 billion in deals in Q3 2024, highest since 2021

India, News

The Indian auto sector saw 32 deals worth $1.9 billion in the July-September 2024 period, marking its highest quarterly activity since Q4 2021, according to a report by Grant Thornton Bharat. This surge highlights the sector’s resilience and investor appeal, driven by three high-value deals worth $300 million. Mergers and acquisitions (M&A) activity included six deals valued at $74 million, reflecting a 20% increase in volumes and 30% growth in value from Q2. Strategic investments…