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Westbridge Renewable Provides Update on Project Portfolio and Previously Announced Alberta Transactions

Retrieved on: 
Thursday, September 7, 2023
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TORONTO, Sept. 7, 2023 /PRNewswire/ - Westbridge Renewable Energy Corporation (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) ("Westbridge", "Westbridge Renewable" or the "Company") is pleased to provide an update on the transactions previously announced June 1, 2023 and June 5, 2023.

Key Points: 
  • TORONTO, Sept. 7, 2023 /PRNewswire/ - Westbridge Renewable Energy Corporation (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) ("Westbridge", "Westbridge Renewable" or the "Company") is pleased to provide an update on the transactions previously announced June 1, 2023 and June 5, 2023.
  • On August 3, 2023, the Generation Approvals Pause Regulation was enacted through a concurrent order-in-council by the Alberta Government.
  • The regulation does not affect amendment applications, letters of enquiry, time extensions, approval transfers or final project updates for previously approved projects.
  • Scott Kelly, Executive Chairman of Westbridge Renewable, commented, "We remain confident in achieving ready to build status on our flagship 278 MWdc Georgetown project and our 332 MWdc Sunnynook Project.

BESS Power Corporation Secures Financing from Leyline Renewable Capital to Accelerate 2.4 GW of Energy Storage Pipeline in the U.S.

Retrieved on: 
Tuesday, August 22, 2023
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NEWARK, Del., Aug. 22, 2023 /PRNewswire/ -- BESS Power Corporation ("BESS Power"), a leading utility-scale energy storage developer, announces the establishment of a project debt financing facility of up to $15 Million with Leyline Renewable Capital ("Leyline").

Key Points: 
  • NEWARK, Del., Aug. 22, 2023 /PRNewswire/ -- BESS Power Corporation ("BESS Power"), a leading utility-scale energy storage developer, announces the establishment of a project debt financing facility of up to $15 Million with Leyline Renewable Capital ("Leyline").
  • Regarded as a key investor of flexible capital solutions for renewable energy developers, Leyline will provide this growth capital to accelerate the development of BESS Power's energy storage pipeline.
  • With Leyline's support, BESS Power will fund the planned development of target 2.4 GWs of utility-scale stand-alone energy storage projects, over the next four years.
  • Focusing on traditional greenfield development to de-risk projects, BESS Power plans to use this funding for project-related capital costs to accelerate the development process.

Leyline Renewable Capital Provides Financing to RAI Energy to Develop Large Scale Renewable Energy Project Portfolio

Retrieved on: 
Tuesday, June 27, 2023
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DURHAM, N.C., June 27, 2023 /PRNewswire/ -- Leyline Renewable Capital, a leading provider of development loans for renewable energy projects, today announced a project development loan for renewable energy developer RAI Energy.

Key Points: 
  • DURHAM, N.C., June 27, 2023 /PRNewswire/ -- Leyline Renewable Capital, a leading provider of development loans for renewable energy projects, today announced a project development loan for renewable energy developer RAI Energy.
  • With the support of Leyline Development Capital, RAI is advancing multiple large utility-scale solar and solar-plus-storage projects in the Western Energy Coordinating Council (WECC) market over the next four years.
  • RAI was founded by renewable energy veteran Mohammed S. Alrai in 2016 to focus on utility-scale renewable energy projects in western markets.
  • Bill Chamberlin at KeyBanc Capital Markets served as the financial advisor for RAI Energy on this transaction.

Leyline Partners with Grid Connected Infrastructure (GCI) to Pursue Utility-Scale Battery Storage Development

Retrieved on: 
Wednesday, June 14, 2023
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DURHAM, N.C., June 14, 2023 /PRNewswire/ -- Leyline Renewable Capital, a leading provider of flexible capital solutions for renewable energy developers, today announced a partnership with utility-scale battery storage developer Grid Connected Infrastructure, LLC (GCI).

Key Points: 
  • DURHAM, N.C., June 14, 2023 /PRNewswire/ -- Leyline Renewable Capital, a leading provider of flexible capital solutions for renewable energy developers, today announced a partnership with utility-scale battery storage developer Grid Connected Infrastructure, LLC (GCI).
  • Leyline's commitment will enable GCI to develop large-scale standalone battery energy storage system projects (BESS) across the U.S.
  • Leyline Growth Capital facilitates rapid growth for small, early-stage startups like GCI that have previous development and operational experience but lack assets or cash flow.
  • "At Leyline, we believe that large-scale energy storage is critical for a reliable, low-carbon electric grid," said Erik Lensch, Leyline CEO.

Westbridge Renewable Secures Financing to Complete its Interconnection Deposits for its Alberta Portfolio and Project Development

Retrieved on: 
Wednesday, May 31, 2023
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The Loan can be used to post Generating Unit Owners Contribution ("GUOC") security payments for the Projects.

Key Points: 
  • The Loan can be used to post Generating Unit Owners Contribution ("GUOC") security payments for the Projects.
  • Westbridge Renewable CEO Stefano Romanin commented, "We are thrilled to expand our successful partnership with Leyline Renewable Capital, a trusted and leading provider of debt for renewable energy development.
  • Securing these loans bolsters our financial foundation to support our portfolio of Alberta projects.
  • The Development Loan will have a second ranking security over the Projects.

Leyline Renewable Capital Provides Financing to Accelergen Energy to Develop Solar and Storage Pipeline

Retrieved on: 
Wednesday, May 17, 2023
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DURHAM, N.C., May 17, 2023 /PRNewswire/ -- Leyline Renewable Capital, a leading provider of early-stage capital for renewable energy developers, today announced $30mm in financing for solar and storage developer Accelergen Energy LLC.

Key Points: 
  • DURHAM, N.C., May 17, 2023 /PRNewswire/ -- Leyline Renewable Capital, a leading provider of early-stage capital for renewable energy developers, today announced $30mm in financing for solar and storage developer Accelergen Energy LLC.
  • With the support of Leyline Growth Capital, Accelergen is planning to develop a multi-gigawatt pipeline of utility-scale solar and storage projects across multiple U.S. markets over the next four years.
  • Accelergen was founded by renewable energy veterans Thomas Houle and Josh Skogen, both with proven track records building renewable energy businesses.
  • "Leyline Renewable Capital is well known in our industry as a premier development lender," said Thomas Houle, co-founder and CEO, Accelergen Energy, LLC.

Renewable Energy Startup Accelergen Energy Emerges from Stealth Mode and Announces $30 Million in Financing

Retrieved on: 
Wednesday, May 17, 2023
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Accelergen Energy, LLC ("Accelergen") a greenfield energy developer of utility-scale solar, solar plus storage and standalone storage projects, today announced its launch out of stealth mode with the close of $30 million in growth capital from Leyline Renewable Capital ("Leyline").

Key Points: 
  • Accelergen Energy, LLC ("Accelergen") a greenfield energy developer of utility-scale solar, solar plus storage and standalone storage projects, today announced its launch out of stealth mode with the close of $30 million in growth capital from Leyline Renewable Capital ("Leyline").
  • The $30 million in growth capital from Leyline will be utilized to develop a multi-gigawatt pipeline of high quality solar and storage projects.
  • Accelergen’s senior management and technical teams bring decades of experience in renewable energy.
  • "We look forward to working with Leyline and appreciate their expertise in helping companies in renewable energy drive ventures to profitability.

Leyline Closes Its First International Loan with Westbridge Renewable Energy Corporation

Retrieved on: 
Monday, December 12, 2022
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DURHAM, N.C., Dec. 12, 2022 /PRNewswire/ -- Leyline Renewable Capital, a leading provider of flexible capital solutions for renewable energy developers, today announced it closed its first international loan with developer Westbridge Renewable Energy Corp., a Canadian renewable energy company listed on the TSX Venture Exchange (TSXV: WEB) and the OTCQX Best Market (OTCQX: WEGYF). The loan will support the 278 MW Georgetown Solar project in southern Alberta. Georgetown may borrow up to a maximum of the U.S. dollar equivalent of $4,830,000 Canadian dollars.

Key Points: 
  • DURHAM, N.C., Dec. 12, 2022 /PRNewswire/ -- Leyline Renewable Capital , a leading provider of flexible capital solutions for renewable energy developers, today announced it closed its first international loan with developer Westbridge Renewable Energy Corp. , a Canadian renewable energy company listed on the TSX Venture Exchange (TSXV: WEB) and the OTCQX Best Market (OTCQX: WEGYF).
  • "This partnership with Westbridge Renewable represents an important step for Leyline as we venture into new markets," said Erik Lensch, CEO of Leyline.
  • "Leyline Renewable Capital is a leading provider of debt for renewable energy development, backed by a team with deep experience in renewable investing.
  • About Westbridge Renewable Energy Corp.
    Westbridge Renewable Energy Corp. is a Canadian renewable energy company listed on the TSX Venture Exchange (TSXV: WEB), the OTCQX Best Market (OTCQX: WEGYF) and the Frankfurt Stock Exchange (FRA: PUQ).

Leyline Renewable Capital Provides Growth Capital to Launch New Energy Storage Developer, Navitas Energy

Retrieved on: 
Thursday, October 6, 2022
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DURHAM, N.C., Oct. 6, 2022 /PRNewswire/ -- Leyline Renewable Capital, a leading provider of flexible capital solutions for renewable energy developers, today announced a partnership with Navitas Energy. Leyline's investment of early-stage growth capital will accelerate Navitas' development of 500 to 1000 MW of standalone storage in the ERCOT market within the next five years.

Key Points: 
  • DURHAM, N.C., Oct. 6, 2022 /PRNewswire/ -- Leyline Renewable Capital , a leading provider of flexible capital solutions for renewable energy developers, today announced a partnership with Navitas Energy.
  • Renewable energy asset owners and project financiers typically look for large, de-risked portfolios, leaving a market gap for early-stage capital solutions.
  • Navitas' energy storage development will provide significant value to the region, as it increases reliability and supports the increased penetration of renewable energy.
  • "Our partnership with Navitas is just one way in which Leyline brings renewable energy to market through flexible capital solutions."

LEYLINE RENEWABLE CAPITAL PROVIDES $10 MILLION IN GROWTH CAPITAL TO LAUNCH NEW DEVELOPMENT PLATFORM FOR SOLTERRA ENERGY

Retrieved on: 
Thursday, June 16, 2022
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DURHAM, N.C. , June 16, 2022 /PRNewswire/ -- Leyline Renewable Capital (Leyline), a leading provider of capital solutions for renewable energy developers, is pleased to announce a partnership with Solterra Energy (Solterra), formerly Solterra Partners LLC, to provide $10 million in early-stage growth and development capital to support up to 1GW of distributed generation (DG) and utility-scale solar energy projects across the eastern United States.

Key Points: 
  • Solterra plans to use the funding from Leyline for both project-related expenses and working capital costs for the company.
  • In addition to the funding commitment, Leyline brings project development expertise in the form of on-call development support for Solterra.
  • Leyline Renewable Capital invests in the development, construction, and financing of sophisticated renewable energy projects.
  • By investing in the pre-construction phase of renewable energy projects, Leyline can accelerate the development process and help developers scale their business.