August 20-27, 2007

Finavera teams with Genivar consulting firm on Alberta wind energy project

VANCOUVER, BC-Finavera Renewables has selected Canadian engineering firm Genivar to act as the "owner's engineer" for the 75-megawatt (MW) Ghost Pine wind project in Alberta. Ghost Pine is the first phase of Finavera's Three Hills wind project which has a planned total installed capacity of 150 MW, enough electricity to serve an estimated 45,000 Canadian homes. Genivar will assist Finavera Renewables in several key aspects of project development, including design and preparation of engineering drawings, construction management, and specifications for turbine installation and commissioning. The Ghost Pine project, one of the few wind development projects in Alberta with permission to connect to the provincial electrical grid, is currently undergoing environmental assessment and permitting. Construction is expected to commence in 2008. Genivar is also working with Finavera Renewables on the latter's wind energy projects in British Columbia. In other renewable energy activities, Finavera has received an investigative use permit for a wave energy project off the west coast of Vancouver Island. The two-year permit allows the company to conduct resource and environmental studies to determine the feasibility of a wave energy project. Its Ucluelet project has the potential to become the first offshore wave energy project in Canada. It would use interconnected clusters of the company's licensed and patented AquaBuOY wave energy converter. The project would have an initial potential generating capacity of five megawatts (MW), with a planned expansion to 100MW. More information is available from Finavera Renewables, 604/288-9051, E-mail info@finavera.com, Web site www.finavera.com.

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