Vancouver, British Columbia – 5th June 2023 – The Renewables Consulting Group (RCG), an ERM Group company, served as sole technical advisor to MYTILINEOS Energy & Metals on its 1.4 GW portfolio purchase of five solar projects located in Alberta, Canada, from solar PV developer Westbridge Renewable Energy Corp.
The projects, currently under development, are comprised of the following:
- Georgetown – Solar power plant with a capacity of up to 230MW, located in Vulcan County, Alberta;
- Sunnynook – Solar power plant with a capacity of up to 280 MW, located in Special Area No. 2, Alberta;
- Dolcy – Solar power plant with a capacity of up to 200 MW, located in the municipal district of Wainwright, Alberta;
- Eastervale – Solar power plant with a capacity of up to 300 MW, located in the municipal district of Provost, Alberta; and
- Red Willow – Solar power plant with a capacity of up to 225 MW, located in Stettler County No. 6, Alberta.
RCG technical advisory services included a full technical due diligence of the portfolio, a thorough review of engineering and preliminary design, interconnection and transmission system review, independent energy yield analysis, permitting, development, transaction/commercial market intelligence and stakeholder review.
Commenting on the Transaction, MYTILINEOS’ Regional Managing Director for North America Luis Laguna said:
“We first set foot in Alberta five months ago and now we are celebrating this great accomplishment. Thanks to RCG for their guidance and advice in navigating our entry into the Canadian market.” – Luis Laguna, Regional Managing Director for North America, MYTILINEOS
Commenting on the news, Bert Chen, Principal, said:
“RCG is proud to introduce MYTILINEOS to the Alberta and Canadian market and assist in providing thorough due diligence of the portfolio. We believe that MYTILINEOS’ global expertise will bring the necessary expertise and resources to develop these projects as a new entrant in the Alberta market.” – Bert Chen, Principal
Details of the transaction and participants are available from MYTILINEOS.
