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Westbridge Renewable Energy S.A.
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Westbridge (TSXV: WEB) shares jump 12% on C$26.7m Red Willow solar-storage sale
Westbridge Renewable Energy has agreed to sell its 225MW Red Willow solar-plus-storage project for potential receivables of C$26.725 million. The stock gained 12.4% after the announcement, a logical reaction given that the maximum consideration equals roughly 80% of Westbridge's August 28 market capitalisation.
Westbridge Renewable Energy to sell Red Willow solar-storage project for up to C$26.7m
Westbridge Renewable Energy could receive C$26.7 million from the Red Willow sale, monetising development work before construction while retaining a broader Alberta solar and battery pipeline.