Westbridge receives final approval for Dolcy project

Executive Summary

• Westbridge Renewable Energy Corp.'s subsidiary, Dolcy Solar Inc., has received final transmission, connection, and facility approvals from the Alberta Utilities Commission (AUC) for the Dolcy Solar + Energy Storage Project.
• This approval completes all discretionary permitting, moving the project into the "ready-to-build" stage and allowing construction of the transmission line and grid connection.
• The project is a 300 MW AC solar PV and 100 MW/200 MWh battery energy storage system (BESS) located in Wainwright No. 61, expected to power over 58,000 homes.

Key Details

• Regulatory Decision: Approval granted via AUC Decision 30228-D01-2025.
• Permits Secured:
  • Transmission line permit and licence.
  • Connection approval.
  • Needs identification document approval from the Alberta Electric System Operator (AESO).
  • Facility approvals for Dolcy Solar and AltaLink Management Ltd.
• Project Specifications:
  • Location: Municipal District of Wainwright No. 61, Alberta.
  • Solar Capacity: 300 megawatts-AC (MW AC) photovoltaic (PV).
  • Storage Capacity: 100 megawatts (MW) / 200 megawatt-hours (MWh) Battery Energy Storage System (BESS).
  • Transmission Line: Dolcy 948AL transmission line.
  • Output: Expected to power more than 58,000 Alberta homes.
• Strategic Context:
  • This is Westbridge's third successful project to reach the ready-to-build stage in Alberta.
  • Previous project sales to Metlen Energy & Metals:
    • Georgetown: Closed December 2023, generating $39 million in non-dilutive cash.
    • Sunnynook: Closed November 2024, generating $23 million in non-dilutive cash.

Notable Quotes

• Stefano Romanin, Director and CEO: "This approval represents the final regulatory milestone for Dolcy, confirming our ability to originate and advance high-quality renewable projects from concept to construction readiness. It's a tremendous achievement by our team and partners."
• Maggie McKenna, Director and COO: "We are proud to have achieved this important milestone for the Dolcy project, particularly in light of the challenging and ever-evolving regulatory environment in this province."