Greenbriar Capital begins formal construction at 80 MW Blue Mountain Utah
Tuesday, Dec 10, 2013
Greenbriar Capital Corp. (TSX.V: GRB) (OTC: GEBRF) is pleased to announce that it has commenced formal construction at its 80-MW Blue Mountain Utah wind energy site. Blue Mountain is a fully contracted 80 MW wind energy project holding a 20-year energy sales agreement with PacifiCorp, a subsidiary of Mid-American Energy Holdings Company, itself 89% owned by Berkshire Hathaway.
Construction has been awarded to RMT, Inc. of Madison, Wisconsin, a subsidiary of IEA Infrastructure and Energy Alternatives, LLC of Chicago. RMT is a world leader in renewable power engineering, procurement and construction services having built over 5,000 MW of renewable energy facilities including 2 world-class projects owned by Greenbriar Capital management's previous company, Western Wind Energy Corp. This included the industry leading 120-MW Windstar Wind Project in Tehachapi, CA and the 10.5-MW Kingman combined wind-solar project, the first purpose built fully integrated wind-solar generating facility in the World.
Construction at Blue Mountain began December 9 th and will qualify the 80-MW Blue Mountain Wind Project for $42 Million USD of monetize-able Federal Investment Tax credits.
Jeffrey Ciachurski, CEO of Greenbriar Capital, states, "We are delighted to once again be working with RMT, a world renowned renewable power engineering, procurement and construction contractor. Having RMT begin the construction at Blue Mountain , is a major milestone event for the shareholders of Greenbriar Capital. We look forward to bringing the 80-MW Blue Mountain , Utah Project online."
About Greenbriar Capital Corp.
Greenbriar Capital Corp. is a leading developer of renewable energy and sustainable real estate projects. With long-term, high impact, contracted sales agreements in key project locations and led by a successful industry recognized operating and development team, Greenbriar targets deep value assets directed at adding significant accretive shareholder value.
Source: Greenbriar Capital Corp.