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Vancouver-based Finavera Wind Energy Inc. has completed the sale of a 184 MW wind project in British Columbia to Pattern Renewable Holdings Canada ULC, a subsidiary of Pattern Energy Group.

Construction site activities are expected to begin on the Meikle project in early 2015. Under the C$28 million deal, Finavera has received consideration of $9.3 million from Pattern concurrent with closing, with the balance of funds due to be paid at the close of construction financing. The Meikle wind project has a power purchase agreement with utility BC Hydro.





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