Westbridge Expands European Solar Portfolio with Italian Projects

Feb 5, 2024 03:39 PM ET

• Westbridge Renewable Energy Corp plans to expand its European portfolio with two solar projects in Italy, adding 62 MW of power generation capacity, as it aims to diversify its presence and tap into Italy’s promising renewable energy market.

Canadian solar developer Westbridge Renewable Energy Corp is planning to expand its European portfolio with two solar projects in Italy, adding a combined power generation capacity of 62 MW. The company has completed feasibility studies for the projects and secured land and grid access, with planning applications currently in progress. The projects include the 32 MW Gierre Solare Project in the Lazio region and the 30 MW NM Solare Project in the Lazio and Umbria regions. Westbridge aims to diversify its presence in Europe and expand its operations on the continent.

This move comes after Westbridge recently sold a 230 MW solar project in Alberta to Greek industrial group Mytilineos SA, as part of a larger portfolio sale in the Canadian province. The company sees Italy as a strong market with a favorable long-term outlook and believes it has the potential to become one of the leading renewable energy markets in Europe.

What are Westbridge Renewable Energy Corp’s plans for expanding its European portfolio?

• Westbridge Renewable Energy Corp plans to expand its European portfolio with two solar projects in Italy.
• The projects will add a combined power generation capacity of 62 MW.
• Feasibility studies for the projects have been completed and the company has secured land and grid access.
• Planning applications for the projects are currently in progress.
• The 32 MW Gierre Solare Project will be located in the Lazio region.
• The 30 MW NM Solare Project will be located in the Lazio and Umbria regions.
• Westbridge aims to diversify its presence in Europe and expand its operations on the continent.
• The company recently sold a 230 MW solar project in Alberta, Canada to Greek industrial group Mytilineos SA.
• Westbridge sees Italy as a strong market with a favorable long-term outlook.
• The company believes Italy has the potential to become one of the leading renewable energy markets in Europe.