Westbridge Renewable Secures Approvals for Solar Energy Project
Final Approvals for Dolcy Solar Project
Westbridge Renewable Energy Corporation (TSXV:WEB, OTCQX:WEGYF) has exciting news to share! Their subsidiary, Dolcy Solar Inc., has secured final approval from the Alberta Utilities Commission (AUC) for the Dolcy Solar + Energy Storage Project. This significant milestone comes through Decision 30228-D01-2025 and allows Dolcy to construct and operate its planned facilities.
Details of the AUC Approval
The AUC Transmission Line Permit and Licenses include key approvals, such as the Needs Identification Document endorsed by the Alberta Electric System Operator (AESO), and Facility Approvals for both Dolcy and AltaLink Management Ltd. With these approvals in hand, construction can officially commence, marking a pivotal moment in Westbridge’s journey toward sustainable energy.
Powering Alberta with Renewable Energy
This project aims to establish the Dolcy 948AL Transmission Line, linking a robust 300 MWac solar photovoltaic (PV) power source alongside a 100 MW / 200 MWh battery energy storage system (BESS) to the local grid. The Dolcy Project represents a significant step forward as one of the most advanced renewable energy developments in Westbridge's portfolio.
Impact on Local Energy Consumption
Once operational, the Dolcy Solar Project is anticipated to generate enough electricity to support over 58,000 homes in the region. This initiative not only illustrates Westbridge’s commitment to renewable energy but also contributes towards the province's energy mix, fostering a more sustainable future.
Acknowledging Past Achievements
The Dolcy project marks Westbridge’s third successful project advancement in the area, following the prior progress made with the Georgetown and Sunnynook projects. Each of these projects underscores the company’s dedication to enhancing Alberta’s clean energy landscape.
Previous Successes
Westbridge's Georgetown Project was sold and yielded $39 million in non-dilutive cash for the company, showcasing the lucrative potential of their renewable initiatives. Similarly, the Sunnynook Project also concluded successfully, generating $23 million when sold to Metlen Energy & Metals.
Quotes from Leadership
Stefano Romanin, the Director and CEO, expressed, "This approval represents the final regulatory milestone for Dolcy, confirming our ability to progress with quality renewable projects. It’s a tremendous achievement by our team". Maggie McKenna, the Director and COO, added, "We are proud to have achieved this important milestone for the Dolcy project amid a challenging regulatory environment."
About Westbridge Renewable Energy
Westbridge Renewable Energy excels in originating, developing, and managing cutting-edge renewable energy projects. The company operates globally, with initiatives in Canada, the U.S., the U.K., and Italy. Known for delivering substantial long-term returns, Westbridge focuses on utility-scale solar PV and energy storage solutions that are crucial for enhancing energy reliability and sustainability.
Contact Information
For additional details, you may visit Westbridge's official website or their social media platforms. The company is committed to keeping stakeholders informed about their developments and progress in the renewable energy sector.
Frequently Asked Questions
What is the Dolcy Solar Project?
The Dolcy Solar Project is an initiative by Westbridge Renewable Energy to create a significant solar power plant in Alberta, combined with energy storage solutions.
What does the AUC approval entail?
The AUC approval allows Westbridge to start construction on the Dolcy project, enabling the establishment of vital energy infrastructure in the region.
How much energy will the project supply?
Once operational, the Dolcy project is expected to provide electricity for about 58,000 homes, contributing to local energy needs sustainably.
How has Westbridge performed with past projects?
Westbridge previously sold projects like Georgetown and Sunnynook, generating substantial non-dilutive cash that emphasizes their successful project management.
Who are the key executives at Westbridge Renewable?
Key executives include Stefano Romanin (CEO) and Maggie McKenna (COO), who have led the company through various significant milestones.
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