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In collaboration with utility BC Hydro, Vancouver-based Finavera Wind Energy Inc. has successfully transferred its power purchase agreement (PPA) for the 184 MW Meikle wind project to Pattern Renewable Holdings Canada ULC, a subsidiary of Pattern Energy Group.

Finavera says this represents the last major milestone to close Pattern's C$28 million acquisition of the project, and the companies will be working diligently to finalize the sale.

Concurrent with the assignment of the Meikle PPA to Pattern, and as required by BC Hydro, 116 MW of PPAs have been cancelled. Finavera says it retains the licenses and permits for those projects and continues to collect data from the sites.

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