TSX.V Symbol: "GRB"
Issued and Outstanding: 11,733,000
Newport Beach, CA, April 7, 2014 /CNW/ - Greenbriar Capital Corp.
(TSXV: GRB) (OTC: GEBRF) (the "Company") is pleased to announce
that it has received a second proposal from the world's largest
wind turbine manufacturer, for the supply of 80 MW of wind energy
generating equipment to be deployed at Blue Mountain, Utah. Upon execution of a binding agreement,
Greenbriar will finalize the Balance of Plant contract and allow
the lenders and tax advisors to complete the project financing.
Blue Mountain is an 80 MW wind
project located in Southeastern
Utah, which began construction in December 2013. A total of 20% of the supporting
pads were poured and 4,500 feet of roads completed to qualify the
project for the Section 1603 tax credits, which provide 30% of the
eligible capital costs by way of a dollar for dollar monetize-able
federal credit. In effect, the US Treasury pays for 30% of a wind
project's capital costs.
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
Jeffrey J. Ciachurski
President, Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or adequacy of this release.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release may contain forward‑looking
statements. All statements, other than statements of
historical fact, constitute "forward‑looking statements" and
include any information that addresses activities, events or
developments that the Company believes, expects or anticipates will
or may occur in the future including the Company's strategy, plans
or future financial or operating performance and other statements
that express management's expectations or estimates of future
Forward‑looking statements are generally identifiable by the
use of the words "may", "will", "should", "continue", "expect",
"anticipate", "estimate", "believe", "intend", "plan" or "project"
or the negative of these words or other variations on these words
or comparable terminology. These statements, however, are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from
those expressed, implied by or projected in the forward‑looking
information or statements. Important factors that could cause
actual results to differ from these forward‑looking statements
include but are not limited to: risks related to the development
and potential development of the Company's projects, conclusions of
economic evaluations, changes in project parameters as plans
continue to be refined, the availability of tax incentives in
connection with the development of renewable energy projects and
the sale of electrical energy, as well as those factors discussed
in the sections relating to risk factors discussed in the Company's
continuous disclosure filings on SEDAR.
There can be no assurance that any forward‑looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, the reader should not place any undue reliance
on forward‑looking information or statements. Except as
required by law, the Company does not intend to revise or update
these forward‑looking statements after the date of this document or
to revise them to reflect the occurrence of future unanticipated
SOURCE Greenbriar Capital Corp.