NEWPORT BEACH, California,
December 9, 2013 /PRNewswire/ --
TSX.V Symbol: "GRB"
Issued and Outstanding: 11,423,000
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 9th 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 theconstruction
at BlueMountain, 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.
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. 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 filed with 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, Chief Executive Officer
Greenbriar Capital Corp.
Phone: +1-949-903-5906
Email:jciachurski@greenbriarcapitalcorp.com