Alterra Power Corp. (AXY.TO) and Greenbriar Capital Corp. (GRB.V) have entered into a partnership, AG Solar One, to develop 100 MW of solar generation capacity in Puerto Rico under a Master Renewable Power Purchase and Operating Agreement with the Puerto Rico Electric Power Authority.
The partnership, which will be owned 50/50 by Alterra and Greenbriar, acquired rights to the master agreement last week.
John Carson, Alterra's Chief Executive Officer, said, "We're excited to be working with the Greenbriar team, with their strong Puerto Rico experience, and putting our combined efforts toward developing and completing this solar project. The partnership may pursue other projects together as well..."
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