Westbridge Renewable Receives Approval from the Alberta Utilities Commission for 300 MWac Dolcy Solar PV and Battery Energy Storage Project
Docly Solar is the Company's third
The Project is a multi-system solution combining a solar power plant with an approved capacity up to 300 MWac, alongside battery storage (BESS) with capacity up to 200 MWh and the Substation. Approval is granted subject to provisions by the Hydro and Electric Energy Act and the Alberta Utilities Commission Act. It is anticipated that interconnection approvals will be filed in Q1 2025 to the AUC.
This approval represents a positive step forward for solar energy in the region, recognizing the benefits of combined land-use through agrivoltaics to deliver a compelling mix of clean energy, agricultural productivity and job creation.
This achievement, combined with the previously announced approvals for Georgetown Solar and Sunnynook Solar, further demonstrates
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Forward-Looking Statements
Certain information set forth in this document contains forward-looking information and statements including, without limitation, the construction and operation of the Project, filing of subsequent reports, application to the AUC for interconnectionand the timing thereof, management's business strategy, management's assessment of future plans and operations. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future, including construction and operation of the Project, filing of applications to the AUC for interconnection will be completed as planned or at all. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project", "potential" or similar words suggesting future outcomes or statements regarding future performance and outlook. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. 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 the actual results to differ materially from those in forward-looking statements include risks and uncertainties relating to Company's ability to complete licensing requirements, general business, economic, competitive, regulatory, policy and social uncertainties, and availability of permits and financing upon terms acceptable to the Company or at all. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the pandemics, changes in laws, market risks, operating history, competition, geopolitical risks, and the other risks identified under the headings "Risk Factors" in the Company's Annual Information Form dated
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