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Westbridge Renewable Energy agrees to sell Red Willow solar-plus-storage project for up to CAD 26.73 million

PUBT·08/28/2026 13:31:52
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Westbridge Renewable Energy agrees to sell Red Willow solar-plus-storage project for up to CAD 26.73 million
  • Westbridge Renewable Energy reached a definitive agreement dated Aug. 27, 2026 to sell the Red Willow solar-plus-storage project in Alberta.
  • Deal structure: sale of all shares of wholly owned unit Red Willow Solar via a share purchase agreement.
  • Total expected proceeds of CAD 26.73 million if milestones are met, including CAD 10.5 million cash at closing.
  • Closing also includes reimbursement or replacement of a CAD 4.73 million GUOC amount.
  • Milestones include CAD 4.5 million at battery commercial operation, plus about CAD 7 million tied to solar commissioning.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Westbridge Renewable Energy Corp. published the original content used to generate this news brief via CNW (Ref. ID: 202608280930CANADANWCANADAPR_C3311) on August 28, 2026, and is solely responsible for the information contained therein.