TORONTO, May 17, 2022
/PRNewswire/ - Westbridge Energy Corporation (TSXV: WEB)
(OTCQB: WEGYF) (FRA: PUQ3) ("Westbridge" or the "Company") is
pleased to announce the appointment of Mr. Pandelis Vassilakakis to
the role of Chief Business Development Officer to oversee the
expansion of its solar PV portfolio. Westbridge currently has projects in
Canada, the United States and the United Kingdom.
Mr. Vassilakakis' track record in the renewable energy industry
includes developing and building over 5 GW of solar PV and wind
farms over the span of his 17-year career. Mr. Vassilakakis served
as VP Business Development EMEA at Talesun Energy in London, where he successfully originated and
developed 150 MW of solar PV across Europe. He was also a key member of Canadian
Solar Inc. (NASDAQ: CSIQ) team in New
York where he served as Senior Director of Business
Development and was instrumental in the origination and development
of over 1,200 MW of solar PV worldwide. Prior to his corporate
roles, Mr. Vassilakakis was the Founder and CEO of LEA Innovazione
SRL, where he led the development and construction of over 200 MW
of solar PV.
Stefano Romanin, CEO commented,
"We are excited to have Pandelis join our team and lead the
expansion of our solar PV portfolio. We see tremendous opportunity
in the markets where we operate and beyond, with strong government
support for a net zero economy. With our first project monetization
expected this year, adding his caliber of expertise ensures our
continued growth and expansion of our project pipeline."
About Westbridge
Westbridge Energy Corporation develops best-in-class solar PV
projects. The Company plans to deliver attractive, long-term
returns by originating, executing, and developing an international
portfolio of renewable assets for investors and utilities.
Management has a strong track-record with 40+ projects developed
worldwide, obtaining, and executing permits on time and within
budget. As one of the very few listed pure-play Canadian solar
development companies, Westbridge
provides its investors with valuable access to greenfield solar
projects. This means the Company can invest at the earliest stage
of solar energy development benefiting from the full value chain as
well as the expected wider adoption of renewable energy going
forward. Westbridge brings
together regulators, corporate buyers, and landowners with the goal
of delivering clean, sustainable electricity to end users.
On behalf of the Board of Directors,
Scott M. Kelly,
Executive Chair & Director,
Westbridge Energy Corporation,
skelly@westbridge.energy
+1 604-687-7767
Momentum IR Corp.
Nhasan@westbridge.energy
www.westbridge.energy
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking
Statements
Certain information set forth in this document contains
forward-looking information and statements including, without
limitation, management's business strategy, management's assessment
of future plans and operations. Such forward-looking statements or
information are provided for the purpose of providing information
about management's current expectations and plans relating to the
future. Forward-looking statements or information typically contain
statements with words such as "anticipate", "believe", "expect",
"plan", "intend", "estimate", "propose", "project", "potential" or
similar words suggesting future outcomes or statements regarding
future performance and outlook. Readers are cautioned that
assumptions used in the preparation of such information may prove
to be incorrect. Events or circumstances may cause actual results
to differ materially from those predicted as a result of numerous
known and unknown risks, uncertainties and other factors, many of
which are beyond the control of the Company.
This news release contains forward-looking statements about the
Company's appointment of Pandelis Vassilakakis as the Company's new
Chief Business Development Officer and the timing therefor, Mr.
Vassilakakis' skills, knowledge and expertise and the benefits the
Company expects to derive therefrom, the expansion of the Company's
solar PV portfolio, if at all and anticipated steps, timing and
costs thereof, exits of projects, if any, the Company's objectives
and strategies, the ability of the Company to achieve its goals,
each of which are forward-looking in nature and, as a result, are
subject to certain risks and uncertainties. Although the Company
believes that the expectations reflected in these forward-looking
statements are reasonable, undue reliance should not be placed on
them as actual results may differ materially from the
forward-looking statements. Factors that could cause the actual
results to differ materially from those in forward-looking
statements include general business, economic, competitive,
regulatory, policy and social uncertainties, and availability of
permits and financing upon terms acceptable to the Company or at
all. Applicable risks and uncertainties include, but are not
limited to regulatory risks, risks related to the COVID-19 global
pandemic, changes in laws, market risks, operating history,
competition, and the other risks identified under the headings
"Risk Factors" in the Company's management's discussion and
analysis dated March 29, 2022 and
other disclosure documents available on the Company's profile on
SEDAR at www.sedar.com.The forward-looking statements contained in
this press release are made as of the date hereof, and the Company
undertakes no obligation to update publicly or revise any
forward-looking statements or information, except as required by
law.
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SOURCE Westbridge Energy Corporation