Westbridge Renewable Energy Corp. (V:WEB)
Business Focus: Solar Electric Utilities
| Sector: Utilities | Industry: Electric Utilities |
| Company Contact | |
| Address: | Suite 615 - 800, West Pender Street VANCOUVER BC V6C 2V6 |
| Tel: | N/A |
| Website: | https://www.westbridge.energy |
| IR: | See website |
| Key People | ||
| Scott M. Kelly Executive Chairman | Stefano Romanin Chief Executive Officer, Director | Philip Stubbs Chief Financial Officer | Margaret Mckenna Chief Operating Officer, Director |
| Business Overview |
| Westbridge Renewable Energy Corp. is a Canada-based renewable energy company. The Company is engaged in developing solar photovoltaics (PV) projects. Its projects include Sunnynook Solar PV, Dolcy Project, Eastervale Project, Red Willow Solar + Energy Storage Project, Accalia Point Solar PV, and Fiskerton Project. The Sunnynook Solar project is located in Southern Alberta, Canada and comprises of approximately 940 acres. The Dolcy Project is located in the Municipality of Provost, in east-central Alberta, Canada. The Accalia Point Solar PV is located in Cameron County, Southern Texas, United States. The Fiskerton Project is a 53 Megawatts (MW) project in Lincoln, United Kingdom. The Red Willow Solar + Energy Storage Project target capacity is 225 MWac solar photovoltaic and 100MW/200MWh of Battery Energy Storage System (BESS). |
| Financial Overview |
| For the fiscal year ended 30 November 2023, Westbridge Renewable Energy Corp. revenues was not reported. Net loss increased 32% to C$3.1M. Higher net loss reflects Interest expense - Balancing value increase from C$3K to C$1.2M (expense), Share based payment expense increase of 78% to C$1.7M (expense), Foreign exchange (loss)/gain decrease from C$59K (income) to C$662K (expense). |
| Employees: | 3 as of Dec 31, 2004 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $119.00M as of Nov 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Nov 30, 2023 |
| EBITDA (TTM): | -$1.85M as of Nov 30, 2023 |
| Net annual income (TTM): | -$3.08M as of Nov 30, 2023 |
| Free cash flow (TTM): | -$5.54M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | $34.39M as of Nov 30, 2023 |
| Shares outstanding: | 99,440,751 as of Apr 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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