Greenbriar Capital Corp Reaches Commercial Agreement with the Puerto Rico Electric Power Authority – To Install Largest Solar Energy Facility in the Carribean

No mention in the article where the solar facility will be located within Puerto Rico.

https://www.dgap.de/dgap/News/?eqsNewsID=1966951

Nachricht vom 19.05.2020 | 22:08

Greenbriar Capital Corp Reaches Commercial Agreement with the Puerto Rico Electric Power Authority

DGAP-News: Greenbriar Capital Corp. / Key word(s): Miscellaneous
19.05.2020 / 22:08
The issuer is solely responsible for the content of this announcement.

Coquitlam, British Columbia–(Newsfile Corp. – May 19, 2020) –  Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) (“Greenbriar“). Greenbriar is pleased to announce the following statement from our legal counsel in Washington, DC. Luis Baco, JD, LLM, states:

“Greenbriar Capital Corp (“Greenbriar”) is pleased to announce that it has reached agreement with the Puerto Rico Electric Power Authority (PREPA) on a 25-year Power Purchase and Operating Agreement (PPOA) for the development, construction, and operation of the 80MW to 160MW AC Montalva solar project. The Montalva PPOA now moves on to final approval by the Puerto Rico Energy Bureau (PREB) and the Puerto Rico Financial Oversight and Management Board (FOMB). This process is expected to last 4-5 weeks. We are very pleased with this outcome and are eager and ready to get started on building this great and long-overdue project that will help transform the Island’s energy sector and bring about great savings to the people of Puerto Rico. Once built to full capacity, the Montalva solar project will become the largest solar energy facilities in the whole Caribbean region.”

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5069/56148_cmecandgreenbriarresized.jpg
Figure 1: CMEC and Greenbriar logo

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5069/56148_cmecandgreenbriar.jpg

Greenbriar is proudly working together with CMEC of Beijing to design, build and construct this CDN $200 Million facility. CMEC is part of the USD $40 Billion Sinomach Group of Companies, and is world renown in building large scale high quality energy projects.

About Greenbriar Capital Corp:

Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003.

ON BEHALF OF THE BOARD OF DIRECTORS

“Jeff Ciachurski”

Jeffrey J. Ciachurski
Chief Executive Officer and Director

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