CA - Westbridge's unit secures funding for solar and battery project
- Westbridge Renewable Energy ( OTCQX:WEGYF ) on Wednesday said its unit Georgetown Solar has secured financing to fund its AESO contribution requirement for its flagship project, the Georgetown Solar + Energy Storage.
- Pursuant to a loan agreement, Georgetown may borrow up to a maximum of the U.S. dollar equivalent of C$4.83 million.
- The loan is secured by a first priority security interest against the assets of Georgetown, bears interest at 12% per annum and matures 12 months from the date of the loan agreement.
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Westbridge's unit secures funding for solar and battery project