RE:Montalva Solar ProjectThree more aspects after reading the document are as follows:
The FOMB has set the new net worth requirements at $25M for any new owners and $75M for any new parent entity.
The owner of the PPOA is not allowed to transfer the project until substantial completion of the project has occurred. That would be three years of Greenbriar holding the project (and financing).
The second aspect on when/if PBJL participates in the next tranche is that the transmission line (which is one of Motalva's biggest hinderances) will no longer be in PREPA's control. As of November 2021 the system is up to LUMA and not PREPA. LUMA has its own agenda when it comes to prioritizing line upgrades. Where Line 37100 falls into that reconstruction list, I don't know. If it is before the COD of Montalva then that becomes a none issue hopefully.
I'll let Jeff's new business student from Southern Utah University to answer some of the issues, considering Jeff has told them everything and is not allowed to answer himself. Lol