This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Greenbriar Capital Completes Acquisition Of Blue Mountain, Utah Wind Energy Project

Stocks in this article: GRB

The next plan of action for Greenbriar is to execute a Turbine Supply Agreement and sign the mandate agreement with the financial institution to provide up to US $150 million in non-recourse project debt and tax equity.

Upon the mandate execution, Greenbriar will issue a Request for Proposal for an engineering, procurement and construction contractor. Greenbriar expects to begin construction as soon as project financing is complete.

The Blue Mountain Wind Project will create over 100 jobs during construction, offer fulltime green collar jobs during its operation, contribute millions of dollars in taxes during construction and provide the county government with over US $15 million in local property tax over the life of the project. The project will further prevent the release of over four (4) million tons of greenhouse gases into the atmosphere during the life of the project while offering the rate payers of Utah, a steady, secure and reliable source of affordable green energy.

Greenbriar has granted to consultants and employees 200,000 stock options at a price of $2.60 per share, with an expiry date of June 10, 2018 and a further 250,000 stock options at a price of $2.60 per share with an expiry date of July 26, 2018.

Jeff Ciachurski, CEO of Greenbriar states that: " Blue Mountain benefits both the citizens of Utah and the Greenbriar shareholders with this milestone project. The ratepayers of Utah are provided a long-term fixed price, secure, emission free and affordable local energy source while the shareholders of Greenbriar will have 180 Megawatts of renewable energy sales agreements now under contract with only 11 Million shares outstanding.

Mr. Cutbirth, CEO of Champlin Windpower states that: " The management of Greenbriar has an impressive track record of developing wind energy projects over the last several years and creating tremendous value for their shareholders in the process. We are excited about the closing of this transaction and look forward to working with the Greenbriar team on the Blue Mountain and other wind projects and believe there are significant synergies to this strategic acquisition."

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 renewable energy sales agreements and key project locations led by a successful industry recognized operating and development team, Greenbriar targets deep value assets directed at accretive shareholder value.

2 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.27 +421.40 2.43%
S&P 500 2,055.30 +42.41 2.11%
NASDAQ 4,740.6490 +96.3370 2.07%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs