in News Departments > New & Noteworthy
print the content item

Greenbriar Capital Corp. has completed an acquisition agreement with Santa Barbara, Calif.-based Champlin Windpower LLC to become a 50% owner of the 80 MW Blue Mountain wind energy project, located in Utah.

According to Greenbriar, the agreement immediately gives the company a 50% interest in the wind farm. Upon completion of two milestone tasks, Greenbriar will have full ownership in the project.

The company says its next steps include executing a turbine supply agreement and signing the mandate agreement with the financial institution to provide up to $150 million in non-recourse project debt and tax equity. Upon agreement, Greenbriar will issue a request for proposal for an engineering, procurement and construction contractor. The company expects to begin construction as soon as project financing is complete.

According to Greenbriar, the project includes all discretionary permits, eight individual land leases and option to purchase agreements, a fully executed 20-year power purchase agreement with PacifiCorp, six years of meteorological data and studies, completed environmental work, the receipt of seven supply term sheets from wind turbine vendors and a draft financing mandate from a financial institution.


Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Renewable NRG_id1934
Hybrid Energy Innovations 2015
BG 2015DblBox_id2032