Westbridge strengthens its management team


TORONTO, May 17, 2022 /PRNewswire/ – Westbridge Energy Corporation (TSXV: WEB) (OTCQB: WEGYF) (FRA: PUQ3) (“Westbridge“or the”Company“) is pleased to announce the appointment of Mr. Pandelis Vassilakakis as Director of Business Development to oversee the expansion of its solar PV portfolio. Westbridge currently has projects in Canada, United States and the UK.

Mr. Vassilakakis’ track record in the renewable energy sector includes the development and construction of over 5 GW of solar PV and wind farms during his 17 year career. Mr. Vassilakakis served as VP Business Development EMEA at Talesun Energy in Londonwhere he created and successfully developed 150 MW of photovoltaic solar panels across Europe. He was also a key team member at Canadian Solar Inc. (NASDAQ: CSIQ) in New York where he served as Senior Director of Business Development and was instrumental in the creation and development of over 1,200 MW of photovoltaic solar panels worldwide. Prior to his corporate roles, Mr. Vassilakakis was the founder and CEO of LEA Innovazione SRL, where he led the development and construction of over 200 MW of photovoltaic solar panels.

Stefano RomaninCEO commented, “We are delighted to have Pandelis join our team and lead the expansion of our solar PV portfolio. monetization of the project expected this year, adding that his caliber of expertise ensures our continued growth and expansion of our project portfolio. »

On Westbridge

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,
[email protected]
+1 604-687-7767

Momentum IR Corp.
[email protected]

www.westbridge.energy

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.

Forward-looking statements

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 appointment of Pandelis Vassilakakis as the Company’s new Chief Business Development Officer and the timing thereof, the skills, knowledge and expertise of Mr. Vassilakakis and the benefits the Company expects to derive therefrom, expansion of the Company’s solar photovoltaic portfolio, if any, and anticipated milestones, timing and costs thereof, project exits, if where applicable, the Company’s objectives and strategies, the Company’s ability to achieve its objectives, each of which is forward-looking in nature and, therefore, is 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 not at all. 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

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