in News Departments > New & Noteworthy
print the content item

Vancouver. B.C.-based Finavera Renewables Inc. has entered into discussions with a potential corporate investor, and has received a nonbinding indicative financing proposal from such investor, in connection with four wind projects currently being developed by Finavera Renewables in the Peace Region of B.C.

Under the proposal, the investor would invest 100% of the equity requirements for each of the four projects awarded an electricity purchase agreement by BC Hydro pursuant to the BC Hydro Clean Power Call.

"This proposal contains financing solutions for these 300 MW of wind projects in British Columbia and would allow us to move forward with strong bids to secure power purchase agreements," says Jason Bak, CEO of Finavera Renewables.

Finavera Renewables has conducted detailed turbine layout assessments for the projects, and discussions are under way with major turbine manufacturers for the supply of wind turbines.

SOURCE: Finavera Renewables Inc.


Trachte Inc._id1770
Latest Top Stories

Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965