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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 shnepson May 12, 2025 7:27am
102 Views
Post# 36569777

RE:RE:Corporate Updates From Web Site

RE:RE:Corporate Updates From Web SiteA few of items keep tweeking my curiousity related to Montalva,

1. One is the company's references is to the fact that, "A previous interconnection study and evaluation preformed by Sargent & Lundy Engineers, under the direction of PREPA, established the availability of 80 MW of transmission capacity available for Montalva."
This evaluation was performed in 2019.
Has there been any additional constraints applied since that time? i.e. new solar added, Costa Sur's capacity increased, hurricane downgrades?

The other aspect is that in 2014 they entered in a lease agreement with the Puerto Rico Land Authority for (51 acres), for the installation of the transmission line that PBJL has know agreed to build for free. Does this agreement still exist?
 
News release states the latest PPOA would be for "
Pricing including storage, is US 9.85 cents per kwh escalating half a cent per year to cap at 11.5 cents per kwh. " but the MD&A states it is for $0.088c /kwh. Guess they are not really sure.

Both the PREB and the FOMB have stated the following, "In supporting
the transition to renewable energy, the Oversight Board will not consider PPOAs negotiated directly and outside formal procurements that are open to any and all potential participants."

Why do they keep noting this statement. PBJL says their PPOA is equal to or lower then approved PPOAs. How is that possible to acheived in an open public procurement process?
Wait and see when/if a PPOA gets submitted to the PREB first, I guess.


Finally there will be the need for an environmental permitting needs. Enviromentalists are still waiting on the sidelines for the renewal process of this document. Having been denied moving forward with their case because PBJL still doesn't technically have an approved PPOA. Environmental requirements have changed significantly in over a decade and so have the goverment agencies involved in this process.

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