Mr. Jeffrey Ciachurski reports
GREENBRIAR AND PREPA TO RE-OPEN NEGOTIATIONS
The Puerto Rico Electric Power Authority (PREPA) has communicated to Greenbriar Capital Corp., through Luis Baco, that it wants to reopen negotiations to move forward the Montalva project -- the company's 100-megawatt solar/30-megawatt battery-powered energy project.
The shovel-ready project, when built out, will be the largest renewable energy project in the Caribbean. Generating 100 per cent renewable energy, the project will greatly reduce emissions on the island and will save PREPA customers between $1-billion and $2-billion in energy savings over the 25- to 35-year lifespan of the project. In addition, it will add 900 direct jobs during the construction phase, and over 1,000 indirect jobs will be created for suppliers, transport and accommodations. The $305-million project will be located in, and provide substantially to the tax base of, the municipalities of Guanica and Lajas.
Jeff Ciachurski, chief executive officer of Greenbriar, stated: "We have always believed this is a world-class project, and we look forward to working with PREPA to getting it done. It will give PREPA what it needs most: affordable, safe and reliable clean energy for the citizens of Puerto Rico."
About Greenbriar Capital Corp.
Greenbriar is a leading developer of renewable energy, sustainable real estate, real estate blockchain and artificial intelligence. 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.
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