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
9th 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
"SIGNED"
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.