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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 Schoenon Dec 23, 2020 12:30am
260 Views
Post# 32167207

RE:RE:RE:RE:FOMB response

RE:RE:RE:RE:FOMB responseI am perplexed by Jaresko and the FOMB Board Members' response to the Congressional Oversight Committee.  The FOMB appears to be either clueless about solar or against renewables in general. 

From putting together solar projects in New England, I know they are not interchangeable widgets. It appears the FOMB thinks the process should have worked the same as asking 10 suppliers to give their best price on 10,000 #2 pencils.  Then PREPA would pick the lowest bidder if it fit their 20 year budget projections. 

That seems moronic too me.  Each solar project has it's own unique costs and benefits, advantages and disadvantages to the utility.  Montalva's line upgrades and battery storage will strengthen the grid right where the recent earthquake made it weakest. That alone adds value that reduces the price per megawatt to the system as a whole and creates greater security for electricity users throughout, but especially in the power starved Southern part of the island.

Jaresko replied to the the Congressional Natural Resource Committee: "...none of the Proposed Contracts were procured competitively."  How was PREPA supposed to make it more competitive? Everyone who had a viable solar project and wanted a PPOA Agreement provided their best price. Is a project only "competitive" if it meets the budget projections?  Does she think there are a bunch of biomass or wind projects waiting in the wings to undercut the solar projects' price quotes by a big margin?

This is the deep insight and analysis we get from a $640k / year civil servant?  How many more months will solar progress be stalled while these bureaucrats dither on and on?  I hope Grijalva and the rest of his committee give her the opportunity to bring her expertise full-time to the private sector right away.  I'm sure Luma Energy will be billing Puerto Rico's electricity users for vetting all the solar projects that don't make whatever cut the FOMB enforces here.   Perhaps Luma will hire her for that job.
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