Westbridge secures CAD$4,830,000 financing for Georgetown Solar PV and battery energy storage project.
Westbridge Renewable Energy Corporation (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) (“Westbridge Renewable” or the “Company”) announce that its wholly-owned subsidiary, Georgetown Solar Inc. (“Georgetown”), has secured financing to fund its AESO contribution requirement for its flagship project, the Georgetown Solar + Energy Storage (the “Project”).
Pursuant to a loan agreement (the “Loan Agreement”) dated December 5, 2022 between the Company, Georgetown and Westbridge Investco, LLC (a lending entity established by Leyline Renewable Capital, LLC) (the “Lender”), Georgetown may borrow up to a maximum of the U.S. dollar equivalent of CAD$4,830,000 (the “Loan”).
Philip Stubbs, Westbridge Renewable…