The terms of the acquisition have not been disclosed.
The acquisition from the third party will include permits and permit applications, biological and environmental studies, reports and data, engineering, design, geo-tech, technical studies, transmission and interconnection facility studies, site wind data and met towers, all applicable consents and approvals for the project, wind energy land leases, and the almost completed power purchase agreement for 80MW.
Greenbriar will begin the completion of the land entitlement process, invest in the real property, engage project lenders and place requests for proposals for the EPC Balance of Plant and turbine vendors.
The firm will fund this acquisition through internal cash flows from already contracted real estate sales.
