TORONTO, June 23, 2022 /PRNewswire/ – Westbridge Energy Corporation (TSXV: WEB) (OTCQB: WEGYF) and (FRA: PUQ3) (“Westbridge“or the”Company“) is pleased to announce that Westbridge Energy UK Ltd, the UK subsidiary of Westbridge Energy Corporation, has secured a grid connection with Western Power Distribution for the 53MVA Fiskerton Battery Energy Storage System (“BESS”) to be located at a former RAF airfield at Lincoln, United Kingdom. Westbridge is currently in the process of obtaining a long-term lease for the site land and is preparing a planning application. The project will be strategically located next to an existing solar farm that was previously developed by the Westbridge crew (See press release from November 3, 2021).
Alex Dickinsonspecial adviser to Enabling Technologies, said: “Securing a network connection for Fiskerton is a significant achievement for our team, given the competitive nature of the UK market. The BESS will deliver electricity and other services to the UK grid within milliseconds. , once developed. Such speed of response is crucial to ensuring a safe and stable energy system in terms of frequency response and dynamic control which is key to the UK’s transition to a low carbon economy.
Stefano RomaninCEO and Director, said, “We are delighted to have achieved this important goal of securing a network connection on our standalone BESS. We want to continue to grow our portfolio in the UK and take advantage of the vast experience of the Westbridge team in asset development in the UK. Our portfolio continues to grow rapidly and has reached a total capacity of over 1,300 MW which includes solar PV and BESS. »
Westbridge Energy Corporation develops world-class solar photovoltaic projects. The Company plans to deliver attractive long-term returns by creating, executing and growing an international portfolio of renewable assets for investors and utilities. Management has a strong track record with over 40 projects developed worldwide, obtaining and executing permits on time and within budget. As one of the few publicly traded Canadian solar development companies, Westbridge offers its investors valuable access to greenfield solar projects. This means that the Company can invest at the earliest stage of solar energy development benefiting from the full value chain as well as the expected wider adoption of renewable energy in the future. Westbridge brings together regulators, corporate buyers and landowners with the goal of delivering clean, sustainable electricity to end users.
On behalf of the Board of Directors,
Scott M. Kelly
Executive Chairman and Director
Westbridge Energy Corporation,
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information presented in this document contains forward-looking information and statements, including, without limitation, management’s business strategy, management’s assessment of future plans and operations. These forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans regarding the future. Forward-looking statements or information generally contain statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”. “, “potential” or similar words suggesting future results or statements regarding future performance and prospects. Readers are cautioned that assumptions used in the preparation of this information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those anticipated due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control.
This press release contains forward-looking statements regarding the Company’s development of its grid connection with Western Power Distribution for a 53 MVA BESS, securing a long-term lease for the project site land and preparing and the submission of the demands and the Company’s ability to achieve the foregoing, each of which is forward-looking in nature and, therefore, subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include general business, economic, competitive, regulatory, political and social uncertainties, and the availability of permits and financing on terms acceptable to the Company or no way. Applicable risks and uncertainties include, but are not limited to, regulatory risks, risks relating to the global COVID-19 pandemic, legislative changes, market risks, operating history, competition and other risks identified under the headings “Risk Factors” in the Company’s Management Report dated March 29, 2022 and other disclosure documents available on the Company’s profile on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to publicly update or revise any forward-looking statements or information, except as required by law.
SOURCE Westbridge Energy Corporation