Greenbriar Announces Governing Board Approval and Submission by PREPA of Settlement Pricing Agreement to the Puerto Rico Energy Bureau
Greenbriar Sustainable Living (GEBRF) announces a significant milestone as PREPA approves a settlement agreement with its subsidiary PBJL Energy The agreement, now submitted to the Puerto Rico Energy Bureau, establishes a power purchase rate of $0.0985 per kwh, with annual increases of $0.005, capped at $0.115 per kwh.
The 80 MWac/160 MWdc project is expected to generate 280 million kwh annually over a minimum 25-year contract period. The project qualifies for a 30% US federal tax credit, with potential for an additional 10% if 40% of materials are US-made. Greenbriar has secured a project-level lender for non-dilutive financing.
Greenbriar Sustainable Living (GEBRF) annuncia un traguardo importante con l'approvazione da parte di PREPA di un accordo transattivo con la sua controllata PBJL Energy. L'accordo, ora sottoposto all'Ufficio Energia di Porto Rico, stabilisce una tariffa di acquisto dell'energia di 0,0985 $ per kWh, con incrementi annuali di 0,005 $, fino a un massimo di 0,115 $ per kWh.
Il progetto da 80 MWac/160 MWdc prevede una produzione annua di 280 milioni di kWh per un periodo contrattuale minimo di 25 anni. Il progetto beneficia di un credito d'imposta federale USA del 30%, con la possibilità di un ulteriore 10% se il 40% dei materiali è di origine statunitense. Greenbriar ha ottenuto un finanziamento a livello di progetto da un prestatore non diluitivo.
Greenbriar Sustainable Living (GEBRF) anuncia un hito importante tras la aprobación de PREPA de un acuerdo de conciliación con su subsidiaria PBJL Energy. El acuerdo, ahora presentado a la Oficina de Energía de Puerto Rico, establece una tarifa de compra de energía de 0,0985 $ por kWh, con incrementos anuales de 0,005 $, hasta un máximo de 0,115 $ por kWh.
El proyecto de 80 MWac/160 MWdc se espera que genere 280 millones de kWh anualmente durante un contrato mínimo de 25 años. El proyecto califica para un crédito fiscal federal estadounidense del 30%, con la posibilidad de un 10% adicional si el 40% de los materiales son fabricados en EE. UU. Greenbriar ha asegurado un financiamiento a nivel de proyecto con un prestamista no dilutivo.
Greenbriar Sustainable Living (GEBRF)는 자회사 PBJL Energy와의 합의안을 PREPA가 승인함에 따라 중요한 이정표를 발표했습니다. 이 합의안은 현재 푸에르토리코 에너지국에 제출되었으며, kWh당 0.0985달러의 전력 구매 요율을 설정하고 연간 0.005달러씩 인상되며 최대 kWh당 0.115달러로 제한됩니다.
80 MWac/160 MWdc 프로젝트는 최소 25년 계약 기간 동안 연간 2억 8천만 kWh를 생산할 것으로 예상됩니다. 이 프로젝트는 미국 연방 세액 공제 30%를 받을 자격이 있으며, 재료의 40%가 미국산일 경우 추가로 10%를 받을 수 있습니다. Greenbriar는 비희석성 금융을 위해 프로젝트 수준 대출자를 확보했습니다.
Greenbriar Sustainable Living (GEBRF) annonce une étape importante avec l'approbation par PREPA d'un accord de règlement avec sa filiale PBJL Energy. L'accord, désormais soumis au Bureau de l'Énergie de Porto Rico, établit un tarif d'achat d'électricité de 0,0985 $ par kWh, avec des augmentations annuelles de 0,005 $, plafonnées à 0,115 $ par kWh.
Le projet de 80 MWac/160 MWdc devrait produire 280 millions de kWh par an sur une période contractuelle minimale de 25 ans. Le projet bénéficie d'un crédit d'impôt fédéral américain de 30%, avec une possibilité supplémentaire de 10% si 40% des matériaux sont fabriqués aux États-Unis. Greenbriar a obtenu un financement au niveau du projet auprès d'un prêteur non dilutif.
Greenbriar Sustainable Living (GEBRF) verkündet einen bedeutenden Meilenstein, da PREPA eine Vergleichsvereinbarung mit seiner Tochtergesellschaft PBJL Energy genehmigt hat. Die Vereinbarung, die nun dem Energieministerium von Puerto Rico vorgelegt wurde, legt einen Stromkaufpreis von 0,0985 $ pro kWh fest, mit jährlichen Erhöhungen von 0,005 $, gedeckelt bei 0,115 $ pro kWh.
Das 80 MWac/160 MWdc-Projekt wird voraussichtlich jährlich 280 Millionen kWh über eine Mindestvertragsdauer von 25 Jahren erzeugen. Das Projekt qualifiziert sich für eine 30% US-Bundessteuergutschrift, mit der Möglichkeit auf weitere 10%, wenn 40% der Materialien aus den USA stammen. Greenbriar hat eine projektbezogene Finanzierung durch einen nicht verwässernden Kreditgeber gesichert.
- Secured PREPA approval for power purchase agreement with favorable rates
- 25-year minimum contract term ensures long-term revenue stability
- Non-dilutive project financing secured
- Eligible for up to 40% in federal tax credits
- Large-scale project with 280 million kwh annual generation capacity
- Agreement still requires additional regulatory approvals
- Rate increases capped at $0.115/kwh may limit long-term revenue growth
Scottsdale, Arizona--(Newsfile Corp. - April 15, 2025) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar" or the "Company") announces that the Puerto Rico Energy Power Authority ("PREPA") has formally approved a settlement agreement ("Settlement Agreement") with the Company's wholly owned subsidiary PBJL Energy Corporation ("PBJL"), and approved the pricing terms that has now been submitted to the Puerto Rico Energy Bureau ("PREB") to continue with the approval process and, only if eventually necessary, to the Financial Oversight and Management Board ("FOMB").
Per the terms of the Settlement Agreement, PBJL will receive a rate of USD
Greenbriar has a project level lender who can provide debt financing for this project at the non-dilutionary project level. The project is 80 MWac and sized at 160 MWdc to annually produce 280 million kwh per year with a minimum contract life of 25 years. The US Federal Government provides a fully fungible
About Greenbriar Sustainable Living Inc.
Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high impact projects and led by a successful industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director
Phone: 949.903.5906
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FAQ
What are the key terms of GEBRF's power purchase agreement with PREPA?
What is the expected annual power generation of GEBRF's Puerto Rico project?
What federal tax incentives is GEBRF eligible for in this project?
What regulatory approvals does GEBRF still need for the PREPA agreement?
