Greenbriar Capital and Alterra Power Announce Solar Partnership
Toronto Venture Exchange: Symbol: GRB
Issued and Outstanding: 11,057,000
VANCOUVER, April 28, 2013 /PRNewswire/ - Greenbriar Capital Corp. (TSXV: GRB) and Alterra Power Corp. (TSX: AXY) are pleased to announce they have entered into a partnership, AG Solar One, which intends to develop 100 MW of solar generation capacity in Puerto Rico under a Master Renewable Power Purchase and Operating Agreement with the Puerto Rico Electric Power Authority. The partnership, which will be owned 50/50 by Greenbriar and Alterra, acquired rights to the master agreement last week.
John Carson, Alterra's Chief Executive Officer, said, "We're excited to be working with the Greenbriar team, with their strong Puerto Rico experience, and putting our combined efforts toward developing and completing this solar project. The partnership may pursue other projects together as well, which will bolster Alterra's external growth plans and complement its internal growth projects such as the Jimmie Creek hydro plant."
Jeff Ciachurski, Greenbriar's Chief Executive Officer, said, "We are delighted to partner with Alterra Power Corp., a company which holds the unique position of operating the four corners of renewable energy generation. Alterra's experience of owning and operating wind, solar, hydro and geothermal makes the partnership with Greenbriar a fully integrated renewable technology platform."
About Greenbriar Capital Corp.
Greenbriar Capital Corp. is a leading developer of renewable energy and sustainable real estate projects. With contracted power sales agreements and key project locations led by a successful industry recognized operating and development team, Greenbriar targets high impact assets directed at accretive shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
President, Chief Executive Officer and Director
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SOURCE Greenbriar Capital Corp.