Toronto Venture Exchange: Symbol: GRB
Issued and Outstanding: 11,057,000
VANCOUVER,
April 28, 2013 /PRNewswire/ -
Greenbriar Capital Corp. (TSXV: GRB) and Alterra Power Corp. (TSX:
AXY) are pleased to announce they have entered into a partnership,
AG Solar One, which intends to develop 100 MW of solar generation
capacity in Puerto Rico under a
Master Renewable Power Purchase and Operating Agreement with the
Puerto Rico Electric Power Authority. The partnership, which will
be owned 50/50 by Greenbriar and Alterra, acquired rights to the
master agreement last week.
John Carson,
Alterra's Chief Executive Officer, said, "We're excited to be
working with the Greenbriar team, with their strong Puerto Rico experience, and putting our
combined efforts toward developing and completing this solar
project. The partnership may pursue other projects together as
well, which will bolster Alterra's external growth plans and
complement its internal growth projects such as the Jimmie Creek
hydro plant."
Jeff Ciachurski, Greenbriar's Chief Executive
Officer, said, "We are delighted to partner with Alterra Power
Corp., a company which holds the unique position of operating the
four corners of renewable energy generation. Alterra's experience
of owning and operating wind, solar, hydro and geothermal makes the
partnership with Greenbriar a fully integrated renewable technology
platform."
About Greenbriar Capital Corp.
Greenbriar Capital Corp. is a leading developer
of renewable energy and sustainable real estate projects. With
contracted power sales agreements and key project locations led by
a successful industry recognized operating and development team,
Greenbriar targets high impact assets directed at accretive
shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
"SIGNED"
Jeffrey J. Ciachurski
President, Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Certain statements in this press release
constitute "forward-looking statements" under applicable securities
laws, which involve known and unknown risks, uncertainties and
other factors that may cause actual results to be materially
different from any future results, performance or achievements
expressed or implied by such statements. Words such as
"expects", "anticipates", "intends", "projects", "plans", "will",
"believes", "seeks", "estimates", "should", "may", "could", and
variations of such words and similar expressions are intended to
identify such forward-looking statements. Such statements in
this news release include, but are not limited to, the Company's
discussion concerning the Offer. These statements are based
on management's current expectations and beliefs and actual events
or results may differ materially. There are many factors that
could cause such actual events or results expressed or implied by
such forward-looking statements to differ materially from any
future results expressed or implied by such statements. Such
factors include, but are not limited to, the state of the Company's
business activities and various factors discussed in the Company's
annual report and annual information contained in the Company's 20F
Annual Report filed with the United States Securities and Exchange
Commission and securities regulators in Canada. Forward-looking statements are
based on current expectations and the Company assumes no obligation
to update such information to reflect later events or developments,
except as required by law.
SOURCE Greenbriar Capital Corp.