Greenbriar reaches a final PPA for 160 MW Montalva solar-plus-storage project

Greenbriar Capital Corp has achieved a final agreement with the Puerto Rico Electric Power Authority (PREPA) on the revised power purchase and operating agreement (PPOA) for the Montalva Solar Project to be built in the municipalities of Guanica and Lajas, Puerto Rico.

Greenbriar has been informed by PREPA that a final resolution on a few remaining commercial issues should be achieved within the next week to ten days.

Once built, the 80 MW to 160 MW AC Montalva solar project will be the largest solar energy facility in the Caribbean region and will assist PREPA and the Government of Puerto Rico to accomplish its very aggressive policy objective to achieve 40% power generation from renewable sources by 2025.