Westbridge Renewable Energy has closed the sale of its 230 MW Vulcan County, Alberta solar power plant project to a subsidiary of MYTILINEOS Energy & Metals, as announced in early June.
The transaction was completed via the sale of all issued and outstanding shares of Georgetown Solar. Westbridge satisfied the conditions for the transaction, including regulatory approvals from the Alberta Utilities Commission for the construction, operation and interconnection of the project to the Alberta Interconnected Electric System and the TSX Venture Exchange.
The company received C$47,564,002 at closing. MYTILINEOS paid 3% of the estimated base purchase price at signing, with 92% of the estimated purchase price paid at closing. The balance of the purchase price is expected to be paid when the project reaches commercial operation.
“We are delighted to announce the closing of the Georgetown Project,” says Stefano Romanin, CEO and director of Westbridge. “This marks a pivotal milestone in the progress of our company as it is the company’s first project being monetized, realizing our strategic vision. It stands as a testament not only to our team’s dedication but to the solid business model executed over the past few years.”
“We are thrilled to announce the successful closing of the Georgetown Project, an important first step of entry into Canada,” adds MYTILINEOS’ Nikos Papapetrou. “Georgetown marks the closing of the first of five Alberta projects strategically poised for progression towards commercial energy production.”
Westbridge continues to retain ownership and is continuing to advance the projects of each of its other subsidiaries.
The post Westbridge, MYTILINEOS Close on Vulcan County Project appeared first on Solar Industry.
I saw an interview earlier today, in which a TV news journalist (I forget which one) predicted that the threat of communism is going to be the central theme of the Republican leading up to the midterm elections.
This makes sense, given that the target audience is largely unaware that:
In the 1950s, Senator Joseph McCarthy led this nation through a nightmarish effort to imprison anyone with any ties to communism. This is now regarded as one of the greatest miscarriages of justice in U.S. history.
and
There are dozens of social democracies around the globe that offer the citizens extremely high qualities of life. The countries at the top of the World Happiness Rankings are, in order,
- Finland (Score: 7.764)
- Iceland (Score: 7.540)
- Denmark (Score: 7.539)
- Costa Rica (Score: 7.439)
- Sweden (Score: 7.255)
- Norway (Score: 7.242)
- The Netherlands (Score: 7.223)
Now, many MAGA folks can’t find Finland on a map of the world, but it’s that very level of ignorance that makes all this horsecrap work.
Trump is working hard to dismantling NOAA, the National Oceanic and Atmospheric Administration, the largest collection of American scientists focusing on climate change. He proposed a budget cut of $1.7 billion, or about 27% for 2026. More to the point, he shut down NOAA’s website, that, formerly, gave everyone on Earth the ability to look at key climate-related data.
In response, those scientists, knowing that we can no longer trust the U.S. government for real climate science, have set up Climate.us.
More here, from NPR.
Looks great to me!
Here’s a short video that explains why we write.
Like the farmer planting to the seed, we do not know if it will grow into a life-giving plant, but we believe that it’s possible.
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