Greenbriar Capital begins formal construction at 80 MW Blue Mountain Utah
TSX.V Symbol: "GRB"
Issued and Outstanding: 11,423,000
NEWPORT BEACH, CA, Dec. 9, 2013 /CNW/ - Greenbriar Capital Corp. (TSX.V: GRB)
(OTC: GEBRF) is pleased to announce that it has commenced formal construction
at its 80-MW Blue Mountain Utah wind energy site. Blue Mountain is a fully
contracted 80 MW wind energy project holding a 20-year energy sales agreement
with PacifiCorp, a subsidiary of Mid-American Energy Holdings Company, itself
89% owned by Berkshire Hathaway.
Construction has been awarded to RMT, Inc. of Madison, Wisconsin, a subsidiary
of IEA Infrastructure and Energy Alternatives, LLC of Chicago. RMT is a
world leader in renewable power engineering, procurement and construction
services having built over 5,000 MW of renewable energy facilities including 2
world-class projects owned by Greenbriar Capital management's previous
company, Western Wind Energy Corp. This included the industry leading 120-MW
Windstar Wind Project in Tehachapi, CA and the 10.5-MW Kingman combined
wind-solar project, the first purpose built fully integrated wind-solar
generating facility in the World.
Construction at Blue Mountain began December 9(th) and will qualify the 80-MW
Blue Mountain Wind Project for $42 Million USD of monetize-able Federal
Investment Tax credits.
Jeffrey Ciachurski, CEO of Greenbriar Capital states; "we are delighted to
once again be working with RMT, a world renowned renewable power engineering,
procurement and construction contractor. Having RMT begin the construction
at Blue Mountain, is a major milestone event for the shareholders of
Greenbriar Capital. We look forward to bringing the 80-MW Blue Mountain,
Utah Project online."
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 adding significant accretive shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
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, Chief Executive Officer Greenbriar Capital Corp. Phone:
To view this news release in HTML formatting, please use the following URL:
CO: Greenbriar Capital Corp.
-0- Dec/09/2013 03:59 GMT
Press spacebar to pause and continue. Press esc to stop.