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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 Mar 01, 2021 9:15am
202 Views
Post# 32684134

RE:150MW limit + new RfP

RE:150MW limit + new RfP
Allan... In my opinion the 150mw is done and over. The FOMB is adamant to have the remaining projects from the original 593mw submit under the 1000mw RFP. The whole point of the FOMB rejecting the 593mw was because, in their opinion, they weren't procured in a competitive process and the cost to rate payers was too high. The 6 tranches of the RFP are a competitive process. We would likely need to be in the 7 or 8 cent kwh range to win approval. Maybe lower the escalator rate and kwh cap, all which will lower the value of Montalva. We have a huge advantage over all new projects that submit because we are fully permitted, land secured, financing in place etc etc. We just need to lower the cost to rate payers. Jeff is good with numbers and could make this work. Maybe he cuts back in certain areas to get a lower price point, since we just saw how a top quality efficient project seems to go right over the heads of the decision makers. We should be approved no later than October if we follow this route. What I fear is litigation and not applying through the RFP. It's another situation with an unknown consequence, and we all know how that will affect the share price.
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