Post by
Donwaan on May 11, 2022 5:26pm
Latest Struthers Report V28 #7.6
Opinion: Strong Buy Greenbriar is my favourite solar stock, so consider me biased but for good reason. On April 26th Greenbriar executed a $195-million (U.S.) project financing mandate with Voya Investment Management LLC for the company's 146- to 300-megawatt Montalva solar project in Puerto Rico. This project financing takes place at the project level and does not involve the sale of the company's shares. When completed, the Montalva solar project will be the Caribbean's largest renewable energy facility, supplying enough power to energize over 48,000 homes. The benefits of the project will provide 1,000-plus construction jobs and over $200-million to the Puerto Rican economy plus a savings over the life of the project of over $1-billion (U.S.) in reduced energy costs. A company like Voya does a lot of due diligence before putting up this kind of money. It also signals that the Montalva project must be getting very close to a Power Purchase Agreement. Greenbriar will also start generating sales and revenues later this year at Sage Ranch and their Alberta solar deal with West Lake Energy should break ground this year. A lot of oil and gas companies will follow in these steps to offset their carbon foot prints with carbon credits from green energy projects. Greenbriar could land more of these deals. Greenbriar has some catching up to do and I believe it will start very soon.
Comment by
shneps on May 14, 2022 7:14am
You forgot to add the disclosure statements at the end of the article.