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Greenbriar Sustainable Living Inc V.GRB

Alternate Symbol(s):  GEBRF

Greenbriar Sustainable Living Inc. is a developer of sustainable entry-level housing and renewable energy projects. The Company’s primary business is the acquisition, management, development, and possible sale of real estate and renewable energy projects. It operates through three segments: real estate development in the United States (Real Estate), solar energy projects in Puerto Rico (Solar Energy) and corporate headquarters located in Canada (Corporate). The Company is focused on building two large-scale projects, namely Sage Ranch in Tehachapi, California and Montalva in Guanica, Puerto Rico. Sage Ranch is a real estate community of over 995 entry-level homes in the Tehachapi Valley, a community located in southern California. Its Montalva property (1,747 acres) is a large utility-scale solar and battery storage building with an initial size of 80 MWac or 160 MWdc, located in the southwestern coastal area of Puerto Rico. Its Cordero Ranch property is located in Cedar City, Utah.


TSXV:GRB - Post by User

Comment by whoami2uon Feb 27, 2021 10:53pm
190 Views
Post# 32680566

RE:Stage 1 Criteria ?

RE:Stage 1 Criteria ?
For stage one PREPA applied six pass/fail criteria to ensure projects meet minimum requirements 1. Compliance with legal FOMB, PREB, and PREPA requirements 2. Adequate financial strength 3. Compliance with interconnection criteria 4. Net financial benefits for ratepayers 5. Project in late or mid stage development 6. Developer experience equal to 10x the project scale. My guess is we failed on #3. The time consuming and costly 11+ million dollar 7+ km transmission line would have immediately eliminated us. As we all know this transmission line is only necessary for the full 165mw and should not have been included. The scaled back 80mw Montalva only needs $3+million worth of interconnection costs which would have probably kept us in the running.
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