New Equity Research Coverage Announced

We are pleased to announce that Westbridge Renewable Energy Corporation (TSXV: WEB, OTCQX: WEGYF, FRA: PUQ) now has equity research coverage published by Longspur Capital, a specialist in clean energy research and corporate advisory.

Equity research provides valuable insight and analysis to capital markets and our investors, as we continue to execute our strategy and generate exceptional returns on invested capital. The initiation report covers our business model, the market landscape, our portfolio, future growth trajectory and our valuation.

We encourage you to read the report and if you would like to invest and learn more, please contact the Investor Relations team: IR@westbridge.energy

“UNIQUE MODEL DELIVERS HIGH RETURNS

Westbridge is rapidly monetising an initial development portfolio of solar photovoltaic and battery energy storage systems with C$89m already received and potential proceeds on its first five projects of up to C$346m. Its model maximises return on invested capital, targeting over 5x in the longer term.

It has a pipeline of over 2.8GW of PV and over 6.1GWh of BESS. We can build a value progression for the business with the first six projects delivering C$1.6 per share, adding the mid-stage projects taking this to C$2.4 and the early-stage pipeline giving C$3.2. This is not a limit as the company continues to work hard to add new projects, reinvesting cash and taking our final valuation to C$4.1. “

Source: Longspur Capital