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

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015