Westbridge Renewable Energy has closed the sale of its 75% owned, Special Area 2, 332 MW Alberta solar power plant project to a subsidiary of METLEN Energy & Metals for CA$41 million.
The transaction was completed by way of the sale of all the issued and outstanding shares of Sunnynook Solar Energy. Westbridge satisfied the conditions for the transaction, including regulatory approvals from the Alberta Utilities Commission (AUC), for the construction, operation and interconnection of the project to the Alberta Interconnected Electric System and for the TSX Venture Exchange.
METLEN paid approximately 3% of the estimated base purchase price at signing and 92% of the estimated purchase price was paid at closing. The balance of the purchase price is expected to be paid when the project reaches commercial operations.
Westbridge repaid CA$18,405,650 from the proceeds of the transaction, owing under its loan facilities secured by the project and the shares of Sunnynook, provided by lending entities established by Leyline Renewable Capital.
Westbridge continues to retain ownership and is continuing to advance the projects of the three other wholly-owned Alberta subsidiaries which are also subject to the previously announced share purchase agreements with METLEN. The sale of the shares of each SPV is not conditional on the sale of the shares of any other of the SPVs.
“We are delighted to announce the closing of the Sunnynook Project,” says Stefano Romanin, CEO and director of Westbridge Renewable.
“This marks another significant milestone for Westbridge: it is our second utility-scale project monetized in the last 12 months, and it is also our second project advanced to ‘ready-to-build’ in Alberta. We have strong momentum in the three further projects committed for sale to METLEN and recently received AUC approval for the 300 MW Dolcy Solar Project.”
The post Westbridge Renewable Sells Alberta Sunnynook Project to METLEN appeared first on Solar Industry.
All I can say about the me here is that personally I refused, against considerable pressure from my family, to indoctrinate my children into something I myself could not accept.
Is it actually “psychological abuse” to indoctrinate children into monotheistic religion? Whether to take it that far is an open question.
My parents, both atheists, sent my brother and me to Sunday School, as they thought it wrong to cut us off from a modality of growing up in America in the early 1960s. I don’t blame them, but again, it’s not something I was willing to replicate with my own children.
In less than a month, we’re going to learn how many idiots are buying this socialism crap.
Sure, there are people who don’t know anything about the way people live in northern England, New Zealand, Costa Rica, etc. Most of these people couldn’t find these countries on this globe.
But how many can there possibly be?
Clearly, Republicans are desperate, but isn’t asking voters to believe that the Swedes have to rely on the government for their job, salary, and food a bit over-the-top?
I got the meme here from a neighbor, but I wonder who actually wrote it. There is a ton of propaganda on social media suggesting that we need to normalize the sociopathic criminality of the U.S. president.
It’s true that not every election is an apocalypse, but 2024 was disastrous for the U.S. democracy.
Yes, the country did not end. But it took a giant leap towards authoritarianism.
Even that’s not the end of the world. Democracies fail with great frequency on this planet. I just never thought I’d be living in the biggest socio-political collapse in the last 2000 years.
In an average week, I meet quite a few travelers here from lands all around this planet. Their most common thoughts on what’s happening here: “We simply feel sorry for you.”
A ‘victory’ for communities as High Court rules climate impacts from coal and gas must be considered even where fossil fuels are exported
Indoctrinating Children into Religion
Republicans’ Last-Ditch Effort to Lie to Voters
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