Westbridge receives final approval for Dolcy project

Mr. Scott Kelly reports WESTBRIDGE RENEWABLE RECEIVES FINAL TRANSMISSION AND CONNECTION APPROVALS FROM THE ALBERTA UTILITIES COMMISSION FOR DOLCY SOLAR + ENERGY STORAGE PROJECT Westbridge Renewable Energy Corp.'s wholly owned subsidiary, Dolcy Solar Inc., has received final approval from the Alberta Utilities Commission (AUC) for the Dolcy solar-plus-energy-storage project through Decision 30228-D01-2025. This decision grants the transmission line permit and licence and connection approval, completing all discretionary permitting required to commence construction. The AUC transmission line permit and licence and connection approval includes approval of the needs identification document from the Alberta Electric System Operator (AESO), the facility approval for Dolcy Solar, and the facility approvals for AltaLink Management Ltd. This authorization allows Dolcy to construct and operate the Dolcy 948AL transmission line, connecting the 300-megawatt-AC solar photovoltaic (PV) and the 100-megawatt/200-megawatt-hour battery energy storage system (BESS) to Alberta's grid. Located in the municipal district of Wainwright No. 61, the Dolcy project represents one of Westbridge's most advanced Canadian developments. The completion of these final stage approvals with the AUC moves the Dolcy project into the ready-to-build stage. Dolcy is a multisystem solution combining a utility-scale solar power plant with an approved capacity up to 300 megawatts AC, alongside battery storage (BESS) with capacity up to 200 megawatt-hours, and, once operational, is expected to power more than 58,000 Alberta homes. This marks the company's third successful project to reach this stage in Alberta, demonstrating Westbridge's continued commitment as a leading developer of renewable energy projects in the province. It follows the previously announced successful development of both the Georgetown and Sunnynook projects: The Georgetown project was sold to Metlen Energy & Metals and closed in December, 2023, generating non-dilutive cash of $39-million for the company (see press release dated Dec. 14, 2023). The Sunnynook project was sold to Metlen Energy & Metals and closed in November, 2024, generating non-dilutive cash of $23-million for the company (see press release dated Nov. 5, 2024). Stefano Romanin, director and chief executive officer, commented: "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 chief operating officer, added, "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." About Westbridge Renewable Energy Corp. Westbridge originates, develops, operates and monetizes best-in-class, utility-scale solar PV projects, stand-alone battery energy storage projects and other clean energy-focused development. The company has a portfolio of projects in four key jurisdictions: Canada, the United States, the United Kingdom and Italy. Westbridge delivers attractive, long-term returns by originating and developing an international portfolio of renewable energy assets to support increasing demand for energy and grid reliability. Management brings a strong record with a cumulative 40-plus development projects worldwide. As one of very few listed, pure play international solar and BESS development companies, Westbridge provides investors with access to greenfield solar and energy storage projects at the earliest stage of development, allowing them to benefit from the full development value chain. Westbridge aims to deliver renewable energy and energy storage solutions to support increasing electricity demand and grid reliability in the jurisdictions in which it operates. We seek Safe Harbor.