The Globe and Mail reports in its Friday edition that Greek energy company Mytilineos SA has entered the Canadian solar-energy market by closing the purchase of the first of five Alberta power projects owned by Westbridge Renewable Energy. The Globe's Eric Reguly writes that Westbridge received $47.6-million for its Georgetown Solar Inc. project in Vulcan county, representing 92 per cent of the total purchase price. In a press release issued last May, Vancouver's Westbridge said that Mytilineos will pay between $217-million and $346-million for the five projects, with the final price dependent on factors such as actual installed solar capacity; the number, if any, of battery storage units placed on the sites; and the value of the tax credits. Once finished, the combined projects will have 1.4 gigawatts of capacity, enough to power 200,000 homes. The Greek company said that when the five Alberta solar farms are fully operational in 2026 or 2027, they will collectively form the biggest renewable energy project of its kind in Canada. In August, Alberta's right-wing government put all solar, wind, geothermal and biomass development approvals on hold. Mytilineos counts as a backer Prem Watsa's Fairfax Financial Holdings.