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An update from Westbridge Energy ( (TSE:WEB) ) is now available.
Westbridge Renewable Energy Corp. announced the addition of five new stand-alone battery energy storage projects in Alberta, Canada, expanding their development portfolio by over 500 MWh. This move enhances the company’s market position, now boasting 22 projects across four countries, and emphasizes their commitment to leading energy development in Canada. Additionally, the company granted new stock options and units to management as part of its incentive plan, reflecting confidence in continued growth within the renewable energy sector driven by improving project economics and supportive market conditions.
More about Westbridge Energy
Westbridge Renewable Energy Corp. specializes in originating, developing, and operating utility-scale solar PV projects and stand-alone battery energy storage projects. With a diverse international portfolio across Canada, the U.S., the U.K., and Italy, the company aims to provide clean, sustainable electricity and enhance grid reliability. Westbridge distinguishes itself as one of the few pure-play international solar and battery energy storage development companies listed, offering investors early-stage access to these projects.
YTD Price Performance: -4.76%
Average Trading Volume: 27,378
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$80.89M
See more insights into WEB stock on TipRanks’ Stock Analysis page.