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Canadian renewables developer Westbridge Renewable Energy has signed a definitive share purchase agreement to sell its 225MWac Red Willow solar-plus-storage project in Alberta, Canada. The project, which is at an advanced stage, has secured power plant and substation approvals from the Alberta Utilities Commission earlier this year and will be paired with a 100MW battery energy storage system.
According to the agreement, Westbridge will receive an upfront cash payment at closing plus additional milestone payments, with total receivables potentially reaching CAD$26.7 million (US$19.3 million). The buyer’s name was not disclosed, but three years ago Westbridge had agreed to sell a 1.4GW solar PV portfolio with BESS in Alberta to Greek developer Metlen Energy & Metals, formerly Mytilineos, which included the Georgetown, Sunnynook, Dolcy, Eastervale, and Red Willow projects.
Westbridge’s CEO, Stefano Romanin, commented that the sale validates the company’s development and monetisation strategy, noting its focus on siting projects in favorable locations with strong renewable resources, transmission access, and long-term strategic value.
Beyond Red Willow, Westbridge has other advanced-stage projects in Alberta, including the Dolcy solar-plus-storage project (up to 300MWac solar PV with up to 100MW BESS), the Eastervale Solar project (up to 300MWdc solar PV), and 350MWac of new standalone BESS projects. Outside Canada, the company is developing solar PV and BESS projects in the US, including in Texas and Louisiana, as well as data-centre development projects, positioning it as a developer in clean-power infrastructure.
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