Parties
Company
Mytilineos SA
Company
Westbridge Renewable Energy Corp.
Greece's Mytilineos SA is launching a $1.7 billion solar-energy project in Alberta, Canada, which will be the country's largest of its kind. The investment comprises five projects bought from Westbridge Renewable Energy Corp. of Calgary for a price between $217 million and $346 million, contingent on installed solar capacity and other factors. The project, with a total capacity of 1.4 gigawatts, is expected to be fully operational by 2026 or 2027. The company's largest shareholder, after its CEO, is Toronto's Fairfax Financial Holdings Ltd., which owns 4.7% of the company.
Deal Type
Financing/InvestmentIndustry
EnergyTransaction
$ 1,700,000,000Deal Status
ClosedClosing Date
14 December 2023