May 21-28, 2007

Finavera Renewables enters four wind energy projects into BC's EA process

VANCOUVER, BC-Finavera Renewables, in Vancouver, reports that it has entered four wind power projects into the British Columbia environmental assessment (EA) process. The four projects, with a total potential capacity of 366 megawatts (MW), are all located in the province's Peace Region. The project areas were selected on the basis of excellent wind resources and their proximity to existing transportation infrastructure and to nearby transmission systems. Once operational, the projects could provide clean, renewable electricity to more than 100,000 Canadian homes. BC's Environmental Assessment Office has issued Section 10(1)(c) orders under the Environmental Assessment Act, asking the company to complete EAs for: the Wildmare wind energy project (estimated 74 MW); the Bullmoose wind energy project (estimated 112 MW); the Tumbler Ridge wind energy project (estimated 100 MW) and the Mount Clifford wind energy project (estimated 80 MW). As part of the EA process, Finavera will undertake environmental studies, engineering design and analysis, and community and First Nations consultations. Full project descriptions are posted on the EA Office Web site, www.eao.gov.bc.ca. In addition to wind energy, Finavera Renewables is involved in wave energy, through its development work on the patented "AquaBuoy" wave energy converter. More information is available on the company's Web site, www.finavera.com.

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