16:45:34 EST Thu 29 Jan 2026
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Westbridge Renewable Energy Corp (2)
Symbol WEB
Shares Issued 25,279,963
Close 2026-01-28 C$ 1.90
Market Cap C$ 48,031,930
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Westbridge receives AUC approval for Red Willow project

2026-01-29 12:39 ET - News Release

Mr. Scott Kelly reports

WESTBRIDGE RENEWABLE RECEIVES APPROVAL FROM THE ALBERTA UTILITIES COMMISSION FOR RED WILLOW SOLAR AND BATTERY ENERGY STORAGE PROJECT

Westbridge Renewable Energy Corp.'s wholly owned subsidiary, Red Willow Solar Inc., has obtained power plant and battery energy storage system (BESS) approval (decision 29258-D01-2026) and a substation permit and licence for the Birch 1075S substation from the Alberta Utilities Commission (the AUC) for its project, Red Willow solar and battery storage project.

The Red Willow project is the fourth of five Alberta projects of Westbridge to receive power plant and BESS approval from the AUC. The approvals allow Red Willow to construct and operate the project, located in Stettler country, Alberta. The project consists of a solar power plant with an approved capacity of up to 225 MWac (megawatt alternating current), and BESS with capacity of up to 200 MWh and the substation. Approval is granted subject to provisions by the Hydro and Electric Energy Act and the Alberta Utilities Commission Act. It is anticipated that applications to the AUC relating to interconnection approvals will be filed within the calendar year.

Maggie McKenna, director and chief operating officer, commented:

"We are pleased to announce AUC approval for our Red Willow project, marking another key milestone for Westbridge. This achievement, combined with the previously obtained approvals for Georgetown, Sunnynook and Dolcy means that we have secured AUC approval for four out of our five projects in Alberta. This progress is a crucial step forward in advancing the Red Willow project towards the ready-to-build stage. We wish to extend our thanks to the development team for their expertise and efforts in driving this success, and the AUC for their support."

Stefano Romanin, director and chief executive officer, commented:

"This approval is further recognition of the teams proven ability to originate, design and deliver successful approval of greenfield utility-scale solar and BESS projects. This final regulatory milestone for Red Willow advances the project close to ready-to-build status in just over three years. AUC approval for the Red Willow project confirms our ability to advance high-quality renewable projects from concept to construction readiness. It's another tremendous achievement by our team and partners."

About Westbridge Renewable Energy Corp.

Westbridge originates, develops, operates and monetizes best-in-class, utility-scale solar PV projects, stand-alone battery energy storage projects and other clean energy-focused development. The company has a portfolio of projects in four key jurisdictions: Canada, the United States, the United Kingdom and Italy. Westbridge delivers attractive, long-term returns by originating and developing an international portfolio of renewable energy assets to support increasing demand for energy and grid reliability. Management brings a strong record with a cumulative 40-plus development projects worldwide. As one of very few listed, pure-play international solar and BESS development companies, Westbridge provides investors with access to greenfield solar and energy storage projects at the earliest stage of development, allowing them to benefit from the full development value chain. Westbridge aims to deliver renewable energy and energy storage solutions to support increasing electricity demand and grid reliability in the jurisdictions in which it operates.

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