VANCOUVER, April 29, 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 JimmieCreek 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.
For further information:
Jeff Ciachurski, CEO
Greenbriar Capital Corp.
Phone: +1-604-839-4192
Email: jciachurski@greenbriarcapitalcorp.com