Leyline Renewable Capital Realizes Investment in Westbridge Renewable Energy Solar Project
Leyline Renewable Capital has successfully realized its investment in Sunnynook Solar Energy through Westbridge Renewable Energy Corp (TSXV: WEB, OTCQX: WEGYF). The transaction involves Westbridge's sale of its 75% owned 332MWp solar power plant project in Alberta to METLEN Energy & Metals. As part of the closing, Westbridge fully repaid C$18,405,650 owed under loan facilities provided by Leyline-established lending entities. The loan supported interconnection deposits for this large-scale project, which will contribute energy capacity to the Alberta region.
Leyline Renewable Capital ha completato con successo il suo investimento in Sunnynook Solar Energy attraverso Westbridge Renewable Energy Corp (TSXV: WEB, OTCQX: WEGYF). La transazione prevede la vendita da parte di Westbridge del suo progetto di impianto solare da 332MWp in Alberta, di cui detiene il 75%. Come parte della conclusione, Westbridge ha integralmente rimborsato 18.405.650 C$ dovuti per le linee di credito fornite da enti di prestito stabiliti da Leyline. Il prestito ha sostenuto i depositi per l'interconnessione di questo progetto su larga scala, che contribuirà alla capacità energetica della regione Alberta.
Leyline Renewable Capital ha realizado con éxito su inversión en Sunnynook Solar Energy a través de Westbridge Renewable Energy Corp (TSXV: WEB, OTCQX: WEGYF). La transacción implica la venta por parte de Westbridge de su proyecto de planta solar de 332MWp en Alberta, del cual posee el 75%. Como parte del cierre, Westbridge reembolsó completamente 18.405.650 C$ que debía por las facilidades de préstamo proporcionadas por entidades de crédito establecidas por Leyline. El préstamo apoyó los depósitos de interconexión para este proyecto a gran escala, que contribuirá a la capacidad energética de la región de Alberta.
Leyline Renewable Capital은 Westbridge Renewable Energy Corp (TSXV: WEB, OTCQX: WEGYF)를 통해 Sunnynook Solar Energy에 대한 투자를 성공적으로 완료했습니다. 이 거래는 Westbridge가 알버타에서 소유한 332MWp 태양광 발전소 프로젝트의 75%를 METLEN Energy & Metals에 판매하는 것입니다. 거래의 일환으로, Westbridge는 Leyline이 설립한 대출 기관으로부터 제공된 대출금의 18,405,650 C$를 전액 상환했습니다. 이 대출은 이 대규모 프로젝트의 상호 연결 보증금에 지원했으며, 알버타 지역의 에너지 용량에 기여할 것입니다.
Leyline Renewable Capital a réussi à réaliser son investissement dans Sunnynook Solar Energy par le biais de Westbridge Renewable Energy Corp (TSXV: WEB, OTCQX: WEGYF). La transaction concerne la vente par Westbridge de son projet de central solaire de 332MWp en Alberta, dont il détient 75%. Dans le cadre de la clôture, Westbridge a remboursé intégralement la somme de 18.405.650 C$ due au titre des facilités de prêt fournies par des entités de prêt établies par Leyline. Le prêt a soutenu les dépôts d'interconnexion pour ce projet à grande échelle, qui contribuera à la capacité énergétique de la région de l'Alberta.
Leyline Renewable Capital hat erfolgreich seine Investition in Sunnynook Solar Energy über Westbridge Renewable Energy Corp (TSXV: WEB, OTCQX: WEGYF) realisiert. Die Transaktion beinhaltet den Verkauf des von Westbridge zu 75 % gehaltenen 332MWp Solarprojekt in Alberta an METLEN Energy & Metals. Im Rahmen des Abschlusses hat Westbridge den ausstehenden Betrag von 18.405.650 C$ vollständig zurückgezahlt, der im Rahmen von Kreditfazilitäten von Leyline etablierten Kreditunternehmen bereitgestellt wurde. Das Darlehen unterstützte die Interconnections-Einzahlungen für dieses großangelegte Projekt, das zur Energieerzeugung in der Region Alberta beitragen wird.
- Full repayment of C$18,405,650 loan from project sale proceeds
- Successful exit from 332MWp solar power plant investment
- 75% ownership stake successfully monetized through sale to METLEN Energy & Metals
- Divestment of significant renewable energy asset reduces company's power generation portfolio
Westbridge recently announced that it completed the sale of its 75 percent owned, Special Area 2, Alberta solar power plant project with a capacity of up to 332MWp (the "Project"), to a subsidiary of METLEN Energy & Metals.
In connection with closing of the transaction, Westbridge repaid in full C
Erik Lensch, CEO of Leyline, said, "Over the last three years, we have grown our partnership with Westbridge Renewable Energy as they have advanced major projects in
About Leyline Renewable Capital
Leyline Renewable Capital provides flexible financing solutions for renewable energy developers. With deep industry expertise and a commitment to sustainability, Leyline invests in the pre-construction phase of projects, helping developers scale their operations and bring more renewable energy online. For more information, please visit: leylinecapital.com.
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SOURCE Leyline Renewable Capital
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