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Greenbriar Capital Corp Executes Binding Solar Energy Agreement and Forms a Strategic Relationship with West Lake Energy Corp
Coquitlam, British Columbia--(Newsfile Corp. - November 16, 2021) - Greenbriar Capital Corp. (...
About this update from Greenbriar Sustainable Living Inc
[{"type":"text","content":"Greenbriar Capital Corp Executes Binding Solar Energy Agreement and Forms a Strategic Relationship with West Lake Energy CorpCoquitlam, British Columbia--(Newsfile Corp. - November 16, 2021) - Greenbriar Capital Corp. (TSXV: GRB) (OTC Pink: GEBRF) (\"Greenbriar\") is pleased to announce that it has executed an agreement for long-term solar energy supply with West Lake Energy Corp (\"West Lake\"), a leading privately owned independent Canadian oil and gas producer based in Calgary, Alberta. Under the agreement's terms Greenbriar will build, own and operate 90MWac of solar energy production with the first solar site having a capacity for 30MWac. West Lake agrees to purchase all solar power generated from the project and has the option to purchase from the second site which will provide the remaining 60MWac. West Lake intends to become a leader within the Canadian oil and gas industry by being one of the first pure upstream oil and gas producers taking the significant step towards carbon neutrality. As part of this goal, West Lake is working towards having a significant portion of its electricity needs met through clean energy.\"This relationship represents a very exciting step for West Lake,\" says Bruce McDonald, CEO of West Lake. \"In addition to providing a secure, low-cost power supply for our operations and carbon credits from the project, our agreement creates a strong partnership with Greenbriar, leveraging their experience in the renewable sector in North America and providing a model for future renewable projects. We intend to bolster participation in renewable energy sources as part of our journey towards carbon neutrality, becoming a leader in the renewable energy transition.\"Greenbriar and West Lake have agreed to a framework to work together in future solar production facilities. With the goal of increasing capacity to 400MW over the next several years, the two companies intend on being the premier solar energy provider to other independent upstream oil and gas producers who do not have the capacity and expertise to build and own their own renewable energy facilities Greenbriar's award-winning and experienced management, board and advisory team, has built, financed, owned or operated over 50,000 MW of renewable energy facilities totaling over US $180 Billion of capital expenditures.The projections for 90MWac of solar...