Mytilineos on Thursday announced that it has entered into definitive agreements for the purchase by Mytilineos’ M Renewables of a portfolio of five solar projects located in Alberta, Canada, from Westbridge Renewable Energy Corp, a utility-scale solar PV development Company, with an anticipated aggregate capacity of 1.4 GW upon commercial operation, ANA reports.
The transaction, worth 1.16 billion euros, is to be concluded by way of a share purchase by Mytilineos of all of the issued and outstanding shares of the following subsidiaries of Westbridge.
Mytilineos strategically entered the renewables market more than eight years ago and is now considered a top integrated developer worldwide in the whole range of solar, storage, and wind projects. Its global RES portfolio consists of 10.5 GW of projects in different jurisdictions (in Europe, Asia, Australia, South America, and North America) and various stages of development. Upon completion of the Transaction, the total capacity of its global RES portfolio is anticipated to exceed 11.9 GW.
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