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New Listing: WestBridge Energy Corporation (TSXV:WEB)

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Westbridge is a renewable energy company focused on originating, developing and profitably exiting utility-scale solar PV projects that use energy storage and enabling technologies.

Additional Information:

Company: WestBridge Energy Corporation
Website: http://www.westbridge.energy
Stock Symbol: TSXV: WEB
Date Published: Jun 22, 2021
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

WestBridge Energy Corporation is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “WEB”, following its reverse take-over of Georgetown Solar.

Westbridge is a renewable energy company focused on originating, developing and profitably exiting utility-scale solar PV projects that use energy storage and enabling technologies.

The company’s Georgetown Project, currently in the development phase, is comprised of approximately 710 acres of privately-owned land in Vulcan County, Alberta which is held under a lease.

Westbridge plans to develop the Georgetown Project to “ready to build” status and then, prior to construction, divest the Georgetown Project to a utility company, financial investor such as a pension fund or infrastructure fund, energy company or independent power producer.

To date, the company has completed the necessary project feasibility tasks, including an interconnection feasibility analysis identifying multiple interconnection options and a desktop constraints and environmental analysis.

The environmental analysis was based on land features such as slope data, wetlands, potential impacts to wildlife and the presence of native prairie grasses.

The company also commenced a wildlife field study program in fall 2020 and that program continues through summer 2021.

Renewable power development is growing rapidly in Alberta, which can be attributed to Alberta’s deregulated wholesale electrical generation market, government incentives provided under the market-based Technology Innovation and Emissions Reduction regime, and the abundance of electricity offtakers.

In Alberta, electricity is generated, sold and bought on the wholesale electricity market, which is de-regulated and openly competitive with the market price being set by supply and demand.

This competitive electricity market provides end consumers with a lower price and requires developers and generators to rapidly adapt to changes in the market environment.

31% of Alberta’s electricity is currently supplied by coal-fired plants with only 1% supplied by solar.

Scott Kelly, Executive Chairman: stated: “Today’s closing marks a major catalyst for Westbridge as we transition our Company into renewable energy. The Georgetown project launches our strategy of bringing technology-enabled, greenfield solar development opportunities to retail investors. Lead by Stefano Romanin and a team with more than 40 successful renewable energy exits worldwide, we see a bright future for solar and significant potential for shareholder value.”

Stefano Romanin, CEO, added: “We are excited to be one of the only pure-play solar development companies to offer investors access to utility-scale solar projects with the liquidity of a public company. As a listed company, new opportunities for expansion in the Canadian and U.S. markets are more readily available, providing ESG investment opportunities for investors and ultimately delivering abundant, cheap and clean electricity to consumers."


The shares are trading at $0.195.

For more information, please visit the company’s website www.westbridge.energy, contact Stefano Romanin, CEO at 604-687-7767 or email info@westbridge.energy.

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I’m Megan Edwards for Investmentpitch Media