Greenbriar Announces Improved US Treasury Tax Credit Guidelines for its Wind Projects

Greenbriar Announces Improved US Treasury Tax Credit Guidelines for its Wind 
TSX.V Symbol: "GRB"
Issued and Outstanding: 11,312,000 
NEWPORT BEACH, CA, Sept. 25, 2013 /CNW/ - Greenbriar Capital Corp. (TSXV: GRB) 
(OTC: GEBRF) is pleased to announce that the IRS made it easier this 
afternoon, for wind, biomass, geothermal, landfill gas and ocean energy 
projects that are completed by December 2015 to qualify for federal tax 
credits. The projects potentially qualify for production tax credits for 10 
years on the electricity output or for a 30% investment tax credit on the cost. 
A project must be under construction by December 2013 to qualify. 
There are two ways to start construction this year: by starting significant 
physical work on the project or by "incurring at least 5% of the project cost". 
However, the developer must also show that work on the project after this year 
is "continuous". Developers complained that this continuous work requirement 
is making it difficult to finance projects as banks and tax equity investors 
balk at taking the risk that the pattern of future work will fall short of 
what is required. 
The IRS said this afternoon that the continuous work requirement will be 
treated as having been met automatically on any project that is placed in 
service by December 2015. It does not matter whether construction started 
under the physical work test or the 5% test. Developers whose projects go into 
service after 2015 will still have to show continuous work. 
The IRS made the announcement in Notice 2013-60. 
The Notice may cause developers to shift back to the physical work test rather 
than try to incur at least 5% of the project cost this year. Many developers 
had been focusing on the 5% test because it seemed to contemplate that a 
project could be merely under development by the end of 2013 while the 
physical work test required that it be truly under construction. Physical work 
this year had to be followed by "continuous construction", while incurring 5% 
of the cost had to be followed only by "continuous efforts". It is easier to 
start physical work than to incur at least 5% of the project cost. 
About Greenbriar Capital Corp. 
Greenbriar Capital Corp is a leading developer of renewable energy and 
sustainable real estate projects. 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 value 
assets directed at accretive shareholder value. 
Jeffrey J. Ciachurski
President, Chief Executive Officer and Director 
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. 
Certain statements in this press release constitute "forward-looking 
statements" under applicable securities laws, which involve known and unknown 
risks, uncertainties and other factors that may cause actual results to be 
materially different from any future results, performance or achievements 
expressed or implied by such statements. Words such as "expects", 
"anticipates", "intends", "projects", "plans", "will", "believes", "seeks", 
"estimates", "should", "may", "could", and variations of such words and 
similar expressions are intended to identify such forward-looking statements. 
These statements are based on management's current expectations and beliefs 
and actual events or results may differ materially. There are many factors 
that could cause such actual events or results expressed or implied by such 
forward-looking statements to differ materially from any future results 
expressed or implied by such statements. Such factors include, but are not 
limited to the state of the Company's business activities and various factors 
discussed in the Company's annual report filed with securities regulators in 
Canada. Forward-looking statements are based on current expectations and the 
Company assumes no obligation to update such information to reflect later 
events or developments, except as required by law.

SOURCE  Greenbriar Capital Corp. 
Jeff Ciachurski, CEO Greenbriar Capital Corp. Phone: 949.903.5906 
To view this news release in HTML formatting, please use the following URL: 
CO: Greenbriar Capital Corp.
ST: California
-0- Sep/25/2013 04:21 GMT
Press spacebar to pause and continue. Press esc to stop.