Announced
Completed
Financials
Tags
Canada
Cross Border
Private
Completed
Friendly
Single Bidder
Alternative Fuels
Acquisition
Majority
solar energy
Synopsis
MYTILINEOS, an industrial conglomerate, completed the acquisition of Alberta solar power plant project from Westbridge Renewable, a renewable energy company, for $255m. "We are delighted to announce the closing of the Georgetown Project. This marks a pivotal milestone in the progress of our company as it is the company's first project being monetized, realizing our strategic vision. It stands as a testament not only to our team's dedication but to the solid business model executed over the past few years. A special acknowledgement to global leader MYTILINEOS, for its invaluable support and welcome them to the Province of Alberta. We are confident that their expertise and commitment will propel the Project forward," Stefano Romanin, Westbridge Renewable CEO and Director.
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