Westbridge Renewable Energy Corp., a leading renewable energy company, has unveiled its latest expansion move with the origination of two new solar projects in Europe. The projects, named the Gierre Solare Project and the NM Solare Project, are situated in Lazio, Italy, and mark a significant step in the company’s growing portfolio.
The Gierre Solare Project is projected to have a capacity of 32MW Solar PV, while the NM Solare Project is expected to have a capacity of 30MW. Both projects have already secured land and grid access, completed feasibility studies, and have planning applications in progress.
Stefano Romanin, Director and Chief Executive Officer of Westbridge, expressed optimism about the Italian market’s potential, highlighting it as a strong market with a promising long-term outlook for renewable energy. He emphasized the company’s commitment to leveraging its team’s experience and track record in developing renewable projects in Italy. Additionally, Romanin underscored the strategic significance of diversifying the company’s presence across Europe, which aligns with its origination-to-monetization model.
Furthermore, Romanin emphasized the recent sale of the Georgetown Solar project, which has provided Westbridge with strengthened capabilities to expand its project pipeline and fuel its growth strategy. He noted that the sale has also delivered value to all Westbridge shareholders.
The European expansion of Westbridge’s solar portfolio and its future development plans for Italian projects follow the successful sale of the Georgetown Solar project to a subsidiary of MYTILINEOS Energy & Metals.
Westbridge Renewable Energy Corp.’s expansion into Europe with the origination of two new solar projects in Italy reflects the company’s commitment to growth and its strategic focus on diversification. With secured land, grid access, and ongoing planning applications, the company is well-positioned to capitalize on the promising renewable energy market in Italy and further strengthen its global presence in the renewable energy sector
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