Alberta AssetsA few questions related to the Alberta assets.
GRB's agreement was for the acquisition of a
500MW portfolio of solar projects from Northern DC Solar. This portfolio included a recently installed large scale tracking solar farm that included over 70,000 modules.
GRB was to benefit from this facility.
1. Where is the benefit after over a year and a half?
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It recently installed the first large-scale tracking solar system in Canada, which Greenbriar will benefit from. Located in Southern Alberta, it has more than 70,000 modules, 7,000 piles and 4.8 million mechanical pieces. After this agreement occurred Northern DC Solar was purchased by NuE Corp (same persons capitalizing the assets) NuE was then purchased by Vinza Capital Management which basically performed a reverse takeover so that NuE could go public.
2. How do these transitions of NDC to NuE to Vinza effect GRB's 500MW portfolio?
GRB's 500MW portfolio (according to SEC documents) has shrunk to initially
one 30MW project for Westlake with
"an option" for an additional 60MW. Which is also appartently in discussion currently. Ridge Utilities has been mothballed.
3. How did GRB announce a 500MW portfolio (with benefits from the recently built project by NDC) to the possiblity of one 30MW project (and option of 60MW) and no apparent benefit from the previously built project?
Ridge Utilities is building microgeneration through Solar Club.
4. Was this not what GRB was supposed to be doing for Ridge Utilities/Solar Club?
https://www.greenalbertaenergy.ca/green-energy-blog.html (Note the hummingbird emblem associated with Green Alberta Energy)
5. Right now there is potentially 90MW within the asset portfolio. Where did the remaining 410MW of assets go?