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).
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Rhea-AI Summary
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.
Positive
- 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
Negative
- Divestment of significant renewable energy asset reduces company's power generation portfolio
Details
News Market Reaction – WEGYF
The recorded move for WEGYF in the trading session of this news was +0.89%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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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