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Vancouver, British Columbia-based Finavera Renewables Inc. has provided an operational update on approximately 300 MW of projects it intends to submit into the upcoming BC Hydro Clean Power Call. The four projects are located in the Peace Region of northeast British Columbia and have several fundamental attributes that will contribute to their development into successful operating wind farms: high wind speeds resulting in high energy yields, close proximity to transmission lines and ease of accessibility.

"We will be providing monthly updates on these projects until we submit proposals in late November in an effort to keep investors and the public aware of our progress," says Jason Bak, CEO of Finavera Renewables. "We anticipate our proposals will address the key criteria in the upcoming Clean Power Call: the need for project financing solutions, turbine supply agreements, substantive First Nations involvement, environmental assessment studies, detailed construction costs, and detailed engineering and grid interconnection studies."

Development work is being carried out simultaneously on four separate projects. The following project sizes are approximate at this time and will be confirmed prior to bid submission:

- Bullmoose Wind Energy Project - up to 75 MW,

- Meikle Wind Energy Project - up to 160 MW in two phases,

- Wildmare Wind Energy Project - 80 MW, and

- Tumbler Ridge Wind Energy Project - 90 MW.

Finavera is in negotiations with top-tier turbine manufacturers for the supply of turbines for these British Columbia projects. Turbine suitability is currently being assessed and draft letters of intent for turbine supply are being negotiated.

SOURCE: Finavera Renewables Inc.


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