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Be the first with the news that moves the market- Greenbriar (GRB) has announced corporate updates accretive to its growth plans
- The company and the Puerto Rico Electric Power Authority (PREPA) are close to reaching a settlement to advance the Montalva Solar Project
- The company is also finalizing Sage Ranch’s Precise Development Plan, as well as purchase and sale agreements for the first year of 144 homes out of the 995-home buildout
- Greenbriar Capital is a renewable energy and sustainable real estate developer
- Greenbriar Capital (GRB) closed up by 0.93 per cent, trading at $1.08 per share
Greenbriar (GRB) has announced corporate updates accretive to its growth plans.
Montalva Solar Project
Greenbriar and PREPA are close to reaching a settlement to advance the Montalva Solar Project.
On February 10, 2023, Greenbriar’s PBJL Energy and PREPA filed a joint motion with the Puerto Rico Energy Bureau confirming an agreement, in principle, to be finalized that would lead to all necessary regulatory approvals.
The parties have requested a twenty working day extension to complete this stage of the settlement process to move forward with the 320 MW DC/160 MW AC project.
Sage Ranch
Greenbriar’s independent professional engineers filed the California project‘s Precise Development Plan on November 17, 2022.
They will file the requested revisions by the end of February 2023, with initial construction permit work to follow soon thereafter.
Meanwhile, the company has purchased and is renovating a downtown building to house the Sage Ranch and Keller Williams sales offices.
Greenbriar is working with its California Department of Real Estate consultant to file Sage Ranch’s yellow report application, which will enable binding purchase and sale agreements for Phase I, which consists of the first year of 144 homes out of the 995-home buildout.
A world-class engineering firm will document the green credits Sage Ranch will create from its near carbon-neutral footprint.
Greenbriar Capital is a renewable energy and sustainable real estate developer.
Greenbriar Capital (GRB) closed up by 0.93 per cent, trading at $1.08 per share.
