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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 26, 2021 3:30pm
158 Views
Post# 32673442

RE:RE:RE:RE:RE:Montalva Update

RE:RE:RE:RE:RE:Montalva UpdateWhat partly did us in was the $15million cost on the interconnection but that is only necessary if Montalva is built out to the full 165mw. For 80mw we only need to spend $3.8 million as explained here:

"As part of the interconnection study, S&L determined that Montalva and the area would benefit from rebuilding the existing 115 kV transmission line traversing the Montalva site west to the San German Transmission Center, a distance of 7.39 miles at a cost of $11.94 million. PBJL agreed to rebuild this line under a reimbursement agreement. However, details of the S&L report indicated little if any benefit to Montalva from this line rebuild other than accommodating future expansion of Montalva to its full capacity of 165 MW AC and possibly benefiting the Solaner Solar project interconnecting at San German TC."
"The ranking of Montalva on transmission interconnection costs should only include the required interconnection costs previously listed for tapping the on-site transmission line estimated to be $3.8 million. PBJL has requested that PREPA update its interconnection tables to indicate the correct transmission cost information so as to eliminate confusion and to not disadvantage Montalva on any comparative ranking of projects."

This was obviously not done and we were ranked with both the 3.8+11.94 for a total of $15.74 million. A HUGE disadvantage that knocked us way down the rankings giving us no chance.

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