Greenbriar Sustainable Living Inc V.GRB

RE:Greenbriar Buy Recommendation - Green Chip Stocks

[shneps]

"The good news is that legally, that solar project must be built,..."
That is quite the statement.

I am not aware of any "legal" reason this project in particular must be built.
There is a legal mandate for Puerto Rico to develop renewable energy projects.
There is nothing legally binding stating the Montalva solar project "must" be built.
Montalva was not deemed to be a "critical project"
In going through the (16) legacy PPOA agreement the projects were ranked for further negotiations.
Montalva was actually eliminated due to the interconnection costs of over $15M. The average amongst the remaining projects is $4.9M.
The line Montalva is to connect with (Line 37100) is considered to be "a weak line and frequently trips...".
This is the reason for the project not moving forward until LUMA performs their own feasibility study, determing cost for interconnection, line suitabiltiy and future cost upgrade requirements.
Unfortunately this is never mentioned by management.
The feasibilty study is being completed so know you wait till it is completed.
There is no "legal" reason for this project to be completed, it is determined financial feasibilty.
I highly recommend people actually read the attached document, opinions by the advisors related to Montalva and the scorecard at the bottom of the report.

https://energia.pr.gov/wp-content/uploads/sites/7/2021/03/Motion-in-Compliance-with-Order-Submitting-Information-on-Weighted-Criteria-Used-to-Evaluate-and-Choose-the-Projects-to-Acquire-150-MW-of-Renewable-Energy-NEPR-MI-2020-0012.pdf