#1WESTBRIDGE RENEWABLE ENERGY CORPORATION VENTURE 50 2023 November 2023 www.westbridge.energy Greenfield solar site developer with the potential for outstanding returns. Clear Business Model designed to deliver exceptional risk-adjusted returns from development and monetization of renewable energy projects Global Development Team with track record of delivering large-scale solar projects with outstanding exit multiples Flexible Monetization Approach including cash and royalties, providing liquidity and a long-term income stream to support future growth TSXV: WEB FRA: PUQ OTCQX: WEGYF#2PAGE 2 Disclaimer The information contained in this presentation has been prepared by Westbridge Renewable Energy Corporation ("Westbridge" or the "Company") and contains confidential information pertaining to the business, assets and operations of the Company. This presentation is being provided to you solely for your information and may not be reproduced, in whole or in part, in any form or forwarded or further disseminated to any other person. Any forwarding, distribution or reproduction of this presentation in whole or in part is unauthorized. By accepting and reviewing this presentation, you acknowledge and agree (i) to maintain the confidentiality of this presentation, and the information contained herein, (ii) to protect such information in the same manner you protect your own confidential information, which shall be at least a reasonable standard of care, and (iii) to not utilize any of the information contained herein except to assist with your evaluation of a potential direct or indirect investment in the Company. The information contained in this presentation (a) is provided as at the date hereof and is subject to change without notice, (b) does not purport to contain all the information that may be necessary or desirable to fully and accurately evaluate a direct or indirect investment in the Company, and (c) is not to be considered as a recommendation by the Company or any other person on behalf of the Company that any person make a direct or indirect investment in Westbridge. The Company is under no obligation to update any information included in this presentation. An investment in the securities described herein is speculative and involves a number of risks. Prospective investors should carefully consider the risk factors described under "Risk Factors" in the management's discussion and analysis dated March 30, 2023 available on SEDAR at www.sedar.com before investing directly or indirectly in the Company. THIRD PARTY INFORMATION This presentation includes market and industry data which was obtained from various publicly available sources and other sources believed by Westbridge to be true. Although Westbridge believes it to be reliable, the Company has not independently verified any of the data from third-party sources referred to in this presentation, or analyzed or verified the underlying reports relied upon or referred to by such sources, or ascertained the underlying assumptions relied upon by such sources. The Company does not make any representation as to the accuracy of such information. FORWARD-LOOKING INFORMATION This presentation includes forward-looking information within the meaning of Canadian and U.S. securities laws. Statements containing the words "believe", "expect", "intend", "should", "seek", "anticipate", "will", "positioned", "project", "risk", "plan", "may", "estimate", or, in each case, their negative and words of similar meaning, are intended to identify forward-looking information. Forward-looking information, including but not limited to, the success of the Company's existing and future business strategies and implementation (including with respect to potential future acquisitions, timelines for permitting and exiting of projects and potential return on capital), any resulting growth in the Company's operations or financial performance as a result of such strategies and implementation, closing of the Mytilineos transactions if at all, trends in the Company's business or the solar industry, the Company's solar development capacities, the design thereof, the technologies incorporated therein, the availability of funding to complete and the ability of the Company to secure leases on future projects, are each subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information, including risks related to the regulatory and legal framework of solar energy; any inexperience of the Company's management; general business, economic and competitive uncertainties; market risks; risks with respect to permitting; risks that the Company not be able to exit its projects upon the terms or within the timelines currently proposed or at all, and other risks disclosed under "Risk Factors" in the Filing Statement. There may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. Certain statements included in this presentation may be considered "financial outlook" for the purposes of applicable securities laws, and such financial outlook may not be appropriate for purposes other than evaluating the information in this presentation. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. In addition, even if the outcome and financial effects of the plans and events described herein are consistent with the forward- looking information contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods. There can be no assurance that the performance of the Company will be comparable to that achieved previously. Moreover, past performance is not indicative of future results. Forward-looking information contained in this presentation is based on the beliefs and expectations of the Company's management, which the Company believes are reasonable as of the current date, and are subject to significant business, social, economic, political, regulatory, competitive and other risks, uncertainties, contingencies and other factors. Many assumptions are based on factors and events that are not within the control of Westbridge and actual future results may differ materially from current expectations. You should not place undue reliance on forward looking information. Except as required by applicable law, the Company assumes no obligation to update or revise any forward-looking information in this presentation to reflect new events or circumstances. CAUTIONARY NOTE REGARDING UNITED STATES SECURITIES LAWS This presentation does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities of Westbridge or any entity related thereto, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities of Westbridge have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons," as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.#3Solar is Growing at a Staggering Rate WESTBRIDGE RENEWABLE ENERGY CORPORATION TSXV: WEB FRA: PUQ OTCQX: WEGYF Need for innovation and investment to enable further growth to reach net-zero by 2050 Encouraging regulatory framework WESTBRIDGE RENEWABLE ENERGY CORPORATION Solar is one of the most efficient forms of renewable energy PAGE 3#4PAGE 4 Any scenario for reversing global warming includes a massive ramp-up of solar power by mid-century. TO HELP COMBAT CLIMATE CHANGE U.S. PLEDGES TO REDUCE EMISSIONS BY UP TO 52% OVER THE NEXT SEVERAL YEARS. EUROPEAN UNION AIMS TO CUT CO2 EMISSIONS BY UP TO 55% BY 2030. BY 2050 1/3 almost one-third of ELECTRICITY WORLDWIDE will be provided by SOLAR 10X SOLAR ELECTRICITY GENERATION IS PROJECTED TO INCREASE from 800GW to 8500GW+ IN 2050#5PAGE 5 We are a fast-growing solar developer with a substantial project pipeline being advanced toward monetization. Unique investment opportunity ■ One of the first pure play solar developers on the TSXV. Focused on the most valuable link in solar development - transformation of raw land into viable, permitted sites ready for utility scale solar projects. B Experienced experts with a proven track record 40+ projects developed with capacity in excess of 2GW. Track record in Europe, Canada and US. Outperformed competitors with average money multiple of 5x. Advancing utility scale solar projects towards monetization Strong and growing portfolio in key markets. Entered Definitive Agreements to transfer the 5 Alberta projects at the end of development. WESTBRIDGE RENEWABLE ENERGY CORPORATION TSXV: WEB FRA: PUQ OTCQX: WEGYF#6The Westbridge Team: deep expertise, proven track records PAGE 6 STEFANO ROMANIN CEO & BOARD DIRECTOR Stefano Romanin is an experienced investor in the private equity and energy sectors, with a track record of deals in excess of $2 billion in wind, solar, biomass and energy from waste. He previously worked at JP Morgan in private equity investments, and has worked alongside investors to develop and build $1bn of Solar PV across Europe and North America. Most recently, Stefano founded and was the CEO of a solar PV platform with assets of 1.45 GW. MAGGIE MCKENNA COO & DIRECTOR Maggie McKenna is a lawyer with a background in general corporate commercial law and litigation. Maggie has managed the development of over 1,300 MW of solar projects in Canada and the U.S., and is responsible for overseeing the development of the global portfolio. PHILIP STUBBS CFO Philip Stubbs is a qualified CA. His strong financial background derives from years at Deloitte and serving as finance director at an alternative investment manager specialized in real estate, infrastructure and renewable energy, with a focus on the structuring, funding and exit of investments that ensured the delivery of strong returns to investors. He has a BSc in Physics from the University of Bristol and is a member of the Institute of Chartered Accountants in England and Wales.#7WESTBRIDGE RENEWABLE ENERGY CORPORATION TSXV: WEB FRA: PUQ OTCQX: WEGYF Milestones Completed business combination with Georgetown Solar and Commenced trading on the TSXV Launched in the UK with Fiskerton Project Entered US with Accalia Project Secured Financing with Leyline Obtained AUC approval for Georgetown Project PAGE 7 $1.40 $1.20 Secured additional Financing for development with $1.00 Leyline NW Entered Definitive $0.80 Agreements to Transfer the 5 Alberta projects at the end of development $0.60 Expanded Alberta footprint with acquisitions and capacity increases Recognized as a TSXV50 Company $0.40 Obtained AUC approval for Sunnynook $0.20 Project Jun/2021 Jan/2022 Jun/2022 Jan/2023 Jun/2023#8TRANSACTION HIGHLIGHTS* Execution of Strategy M MYTILINEOS Energy & Metals RIC: MYTf.AT Bloomberg: MYTIL.CA ADR: MYTHY US WESTBRIDGE RENEWABLE ENERGY CORPORATION TSXV: WEB FRA: PUQ OTCQX: WEGYF Entered Definitive Agreements to transfer Westbridge's Alberta Projects Portfolio at the end of development 5 projects: Georgetown, Sunnynook, Dolcy, Eastervale & Red Willow Share Ownership Transfer to Metka (a subsidiary of MYTILINEOS) at COD WEB will retain ownership of the Project SPVs and continue to lead the development of the Projects until closing Total estimated capex investment of CAD$1.7 billion (excluding BESS equipment) Anticipated to generate 2.1 TWh per year of renewable energy Equivalent to powering ~200,000 Canadian homes per year Includes a potential total anticipated combined BESS capacity of 1,200 MWh All of the Projects have applied for the installation and use of a battery and energy storage system ("BESS") *Subject to certain conditions, including regulatory approvals. See Press Release dated June 1, 2023, and June 5, 2023 PAGE 8#9Transaction Summary MILESTONE PAYMENTS Aggregate sale price estimated between CAD$217,000,000 to $346,000,000 based on current capacity in applications* Price Includes Solar PV Capacity & BESS Capacity Milestone 1 On Entry into Definitive Agreements C$6.6m deposit received TERMS 1st project to be acquired (Georgetown) C$167,500/MWp 2nd - 5th projects to be acquired C$165,000/MWp Gross up to total of C$220,000/MWp On qualification of clean technology or clean electricity investment tax credit (an "ITC") Up to C$50,000/MWh On installation of BESS (if installed) Milestone 2 On Ready-to-Build Status Georgetown: 90% of Purchase Price Other Projects: 92% of Purchase Price Milestone 3 On Exporting Energy 5% of Purchase Price when project exports energy Subject to certain conditions, including regulatory approvals. See Press Releases dated June 1, 2023, and June 5, 2023 2024 PAGE 9#10WESTBRIDGE RENEWABLE ENERGY CORPORATION TSXV: WEB FRA: PUQ OTCQX: WEGYF Project Portfolio CAPACITY INCREASE SINCE Q2/2021 RTO SOLAR PV 6x Project Solar PV Capacity 1 BESS Capacity Location Status BESS 6.5x GEORGETOWN 278 MWdc 100 MW /200 MWh Alberta AUC Approval SUNNYNOOK 332 MWdc 100 MW 200 MWh Alberta AUC Approval TECHNOLOGY BREAKDOWN DOLCY I 246 MWdc 100 MW 200 MWh Alberta Stage 2 AESO EASTERVALE 274 MWdc 200 MW/400 MWh Alberta Stage 2 AESO RED WILLOW 280 MWdc 100 MW/ 200 MWh Alberta Stage 2 AESO ACCALIA POINT 72% 28% BESS 221 MWdc Texas Development SOLAR FISKERTON 53 MW 106 MWh UK Development TOTAL 1,631 MWdc 653 MW/1,306 MWh [1] The capacity of the projects may change during the development (increasing or decreasing) due to grid connection and environmental constraints. [2] Entered Definitive Agreements to transfer the 5 Alberta projects by way of share sale of each project SPV. STRONG PIPELINE OF EARLY- STAGE PROJECTS BEING EVALUATED. PAGE 10#11WESTBRIDGE RENEWABLE ENERGY CORPORATION TSXV: WEB FRA: PUQ OTCQX: WEGYF Advancing The Strategy Beyond Alberta PAGE 11 Well Funded to Grow • O Continue to grow presence in Canada Expand in the US, UK & Internationally Evaluate entering into new strategic markets for solar Assessing green hydrogen development strategy Continue to partner with world class companies for project advancement and to provide opportunities for partners to meet ESG goals#12Built for short & long-term shareholder value CAPITALIZATION TABLE NOVEMBER 14, 2023 COMMON BASIC SHARES STOCK OPTIONS @ $0.30 EXPIRY 11/02/2026 @ $0.75 EXPIRY 03/20/2028 COMMON SHARES FULLY DILUTED MARKET CAP @ NOV 14, 2023 Basic 99.34M Fully Diluted 3.89M 3.34M 106.57M C$87.42M PRICE PERFORMANCE & VOLUME TRADED* $1.50 3,000K 2,400K $1.00 1,800K 1,200K $0.50 600K ་་་་ $0.00 Sep 21, 21 Jun 9, 22 40% INSIDERS 30% Well structured HNW & RETAIL 30% FAMILY OFFICES K Feb 25, 23 Nov 13, 23 Volume Close *Average Daily Traded Volume between 11/14/2022 11/14/2023: 140,296 shares PAGE 12#13WESTBRIDGE RENEWABLE ENERGY CORPORATION TSXV: WEB FRA: PUQ OTCQX: WEGYF Pure-play exposure to solar energy development. Solar industry is on the verge of extraordinary growth Deploying a proven business model in lucrative and rapidly expanding markets Experienced management, with more than 40% insider ownership Well capitalized to execute its business plan Developing sites efficiently, leading to attractive multiples at exit#14PAGE 14 Board of Directors & Advisors STEFANO ROMANIN DIRECTOR & CEO Stefano is an energy sector entrepreneur and investor with 14+ years' experience. After receiving his MSc in International Business, he worked for JPMorgan before founding Horus Capital and Georgetown Solar. MARCUS YANG DIRECTOR & AUDIT CHAIR Marcus is a financier and qualified accountant with 20+ years' experience. He has worked at KPMG, Deloitte, GE Capital, Royal Bank of Scotland and Wetherby Growth. MARGARET M. MCKENNA DIRECTOR & COO Maggie is an energy sector operator with 13+ years' experience. After qualifying as a lawyer, she worked for the Walton Group of Companies and Horus Capital. ALEX DICKINSON SPECIAL ADVISOR, ENABLING TECHNOLOGIES Alex has 30+ years' experience in the energy sector. He began his career in the merchant navy and became a power generation expert in submarine applications and gas turbines using hydrogen fuel. Currently, he is working on both hydrogen production and storage as well as Battery Energy Storage Systems (BESS) as an advisor and developer. SCOTT KELLY DIRECTOR & EXECUTIVE CHAIR Dynamic entrepreneur, investor, executive and board chair. His 25 years of international capital markets experience make him a sought-after strategic advisor to companies and investors seeking growth opportunities. Proven leader, driving strategic vision, value and performance previously at the TMX Group (Equicom), Newstrike Brands and currently at Wetherby Growth. Educated at Queen's University (BA), and attended the Venture Capital Executive Program, Haas School of Business, UC Berkeley. As a successful multi-exit founder and investor, Mr. Kelly is a recognized specialist in deal structuring, venture exchanges and RTOS. PAUL LARKIN ADVISOR Paul is an entrepreneur and Board member with 40+ years' experience. He worked for many companies including New Dawn Holdings and U.S. Geothermal Inc.#15WESTBRIDGE RENEWABLE ENERGY CORPORATION WWW.WESTBRIDGE.ENERGY STEFANO ROMANIN, DIRECTOR & CEO [email protected] SCOTT KELLY, DIRECTOR & EXECUTIVE CHAIR [email protected] TSXV: WEB FRA: PUQ OTCQX: WEGYF#16Definitive Agreements WESTBRIDGE RENEWABLE ENERGY CORPORATION TSXV: WEB FRA: PUQ OTCQX: WEGYF TO TRANSFER THE 5 ALBERTA PROJECTS AT THE END OF DEVELOPMENT Project Solar PV Capacity 1 BESS Capacity Location Status GEORGETOWN 278 MWdc 100 MW /200 MWh Alberta AUC Approval SUNNYNOOK 332 MWdc 100 MW 200 MWh Alberta AUC Approval DOLCY 246 MWdc 100 MW 200 MWh Alberta Stage 2 AESO EASTERVALE 274 MWdc 200 MW/400 MWh Alberta Stage 2 AESO RED WILLOW 280 MWdc 100 MW 200 MWh Alberta Stage 2 AESO TOTAL 1,410 MWdc 600 MW / 1,000 MWh [1] The capacity of the projects may change during the development (increasing or decreasing) due to grid connection and environmental constraints. ACQUISITION & DEVELOPMENT 2021-2023 PAGE 16#17WESTBRIDGE RENEWABLE ENERGY CORPORATION TSXV: WEB FRA: PUQ OTCQX: WEGYF Our strategy is governed by four principles OPERATING IN THE RIGHT RENEWABLES MARKETS AGILE, LOW-CAPEX BUSINESS MODEL Canada, US and UK sites have exceptionally high solar irradiation and supportive regulatory environments. Site identification for high economic potential and low development risk. 18-24 months development process. POSITIVE COMMUNITY RELATIONS Supporting our local economies and communities BUILDING LONG-TERM SHAREHOLDER VALUE Flexible exit strategies and ongoing royalty agreements create short-term returns and long-term value. PAGE 17#18Investment Landscape ACTIVE DEVELOPERS WESTBRIDGE RENEWABLE ENERGY CORPORATION ACTIVE BUYERS OFFTAKE PURCHASERS BERKSHIRE HATHAWAY ENERGY BluEarth™ ATCO RENEWABLES 上海电气 SHANGHAI ELECTRIC amazon Meta GREENGATE power CİP Copenhagen Infrastructure Partners CPP INVESTMENT BOARD ONTARIO TEACHERS' PENSION PLAN TransAlta renewables* T TESLA PAGE 18#19Operating in the Right Renewables Markets Exceptionally high solar irradiation and supportive regulatory environments. UNITED STATES OF AMERICA UK United Kingdom: Ranked #5 on EY's Renewable Energy Country Attractiveness Index (2021) Recent pledge to entirely decarbonize by 2035 2020, planning procedure for BESS projects exceeding 50MW was changes, enabling fast local planning regime, driving further growth Large investors have entered the market (Shell, Foresight, RWE) 2022, total BESS project pipeline now exceeds 30GW - WEB has extensive experience in the UK, as one of the pioneers of UK merchant solar CANADA NORTH AMERICA WESTBRIDGE RENEWABLE ENERGY CORPORATION TSXV: WEB FRA: PUQ OTCQX: WEGYF PAGE 19 Alberta, Canada: One of the best places for solar projects Alberta's renewable energy act seeks to achieve 30% electrical power production from renewables by 2030 (5,000MW) Open and deregulated electrical generation market Industry buy-in with oil & gas companies seeking ESG investments Rising demand for offsets with carbon price increasing to $170/tonne by 2030. from $40/tonne in 2021 UNITED STATES OF AMERICA Texas, US: Expected to install 1/3 of all utility scale solar in the US ■ The historical significance of Texas Oil & Gas sector, combined with a surging demand for renewable energy assets, suggest that solar PV has lot of room for growth in the area 1,800+ active market participants that generate, move, buy, sell or use wholesale electricity in ERCOT In 2019, Texas accounted for more than a quarter of all corporate renewable energy deals signed around the world Around 6,000 MW of coal/gas were retired since 2016, driving demand for new generation#20Georgetown Solar PV Project PAGE 20 Development to be completed within 18 months of RTO. Stage 3 AESO interconnection process underway. Utility-scale solar project is expected to be the first exit. Site secured for 5-years of development and 30 years of operation, with option to extend. AUC Approval received - permitted and licensed for construction. ■To be permitted for utility-scale battery storage on-site. 100 MW / 200 MWh BESS Capacity. Entered Definitive Agreement to transfer by way of share sale. Project Size: 278 MWdc Vulcan County Southern Alberta, Canada#21Sunnynook Solar PV Project Development to be completed within 24 months. Stage 3 AESO interconnection process underway. AUC Approval received - permitted and licensed for construction. Second utility-scale solar PV project in Alberta. Site secured for 4-years of development, and for an operational term of 40 years, that can be extended up to 50 years. ■To be permitted for utility-scale battery storage on-site. 100 MW 200 MWh BESS Capacity. Entered Definitive Agreement to transfer by way of share sale. PAGE 21 Project Size: 332 MWdc Special Area No. 2 Southern Alberta, Canada#22Dolcy Solar PV Project Stage 2 AESO interconnection process underway. Environmental field studies completed. ■Third utility-scale solar PV project in Alberta. Site secured in the form of a long-term lease with private landowners. To be permitted for utility-scale battery storage on site. 100 MW 200 MWh BESS Capacity. Entered Definitive Agreement to transfer by way of share sale. PAGE 22 Project Size: 246 MWdc Municipal District of Provost No. 52 East-central Alberta#23Eastervale Solar PV Project Stage 3 AESO interconnection process underway. Environmental field studies completed. Fourth utility-scale solar PV project in Alberta. Site secured in the form of a long-term solar lease with private landowners. ■ To be permitted for utility-scale battery storage on site. ■200 MW / 400 MWh BESS Capacity. Entered Definitive Agreement to transfer by way of share sale. PAGE 23 Project Size: 274 MWdc Municipal District of Provost No. 52 East-central Alberta#24Red Willow Solar PV Project Stage 2 AESO interconnection process underway. Environmental field studies completed. ■ Fifth utility-scale solar PV project in Alberta. Site secured in the form of a long-term solar lease with private landowners. ■ To be permitted for utility-scale battery storage on site. BESS Capacity of 100 MW / 200 MWh. Entered Definitive Agreement to transfer by way of share sale. PAGE 24 Project Size: 280 MWdc Stettler County No. 06 Central Alberta#25PAGE 25 Accalia Point Solar PV Project Fully-funded for ready-to-build status to be completed within 18 months. Screening, Congestion studies and Full Interconnection Studies ("FIS") completed with Sharyland Utilities ("Sharyland"), the transmission facility owner. Project location will allow settlement at one of the most favorable ERCOT Hubs - South Hub. Utility-scale solar project marks the first entry in the US solar PV market for Westbridge Renewable Energy Corp. ■ Site secured for an operational term of 30 years, that can be extended up to 45 years. Field studies and environmental engineering substantially completed. Project Size: 221 MWdc Cameron County Southern Texas, USA#26Fiskerton UK BESS Project Adjacent to an existing solar farm previously developed by the Westbridge team. Interconnection secured. Option to lease secured. Planning application and environmental studies underway. PAGE 26 Project Size: 53 MW/ 106 MWh Lincolnshire, East Midlands, England