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.
Have you ever wondered why every dictator in human history follows the exact same playbook? Check this outPlato nailed this 2400 years ago, and it’s been on “rinse/repeat” ever since.
On average, I meet perhaps 50 K-12 teachers each year, and I often ask them: What is the biggest challenge you face that impacts your ability to connect with and educate your students?
Here’s a rough tabulation:
Screen time, how it robs kids of their ability to pay attention, impedes social interaction, and makes parenting more difficult: 80%
Everything else combined: 20%
Maybe this is a cynical viewpoint, but it seems like that world of today revolves around the mega-corporations profiting by punishing their customers.
In this case, we have the tech giants ruining the lives of our children. Elsewhere, we have healthcare industry driving people into bankruptcy, Big Oil ruining our planet, the gun lobby murdering our kids, and, of course, an ultra-corrupt government looting our treasury to pay off billionaire donors.
Note that this wasn’t the case when we boomers were growing up 60 years ago. This is a distinctive shift from the 1960s when corporate America was focused on things like color TVs and the Ford Mustang.
Renewable Energy
Is a Team of Is a Bunch of MAGA Thugs Beating the Snot Out of a Woman a New Low, or Is it What We Now Need to Expect?
Just when we think there is a bottom, the United States sinks just a bit lower. It’s our brand nowadays.
That’s quite a left cross this thug delivered to this helpless female protestor.
It wasn’t too long ago that beating up women was taboo in America. My 11-year-old, sixth-grade son saw a male classmate of his badly bruise a girl by pushing her hard down to the ground–and proceeded to punch him in the mouth. A fellow father witnessed the scene and told me, “Your son’s fist was in that kid’s teeth within a fraction of a second.”
I had brought him up to avoid violence and achieve peaceful resolutions to conflicts, but I couldn’t fault him here.
What a disgusting bunch of turds we’ve become.
Greenpeace delivers 47 metre-long petition with half a million signatures to Woodside HQ following major gas protest
Dictators
Greenpeace Australia Pacific activists in police custody after two-day protest against Woodside’s Browse gas project at Scott Reef
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