Monday 10 June 2013

Finavera Completes Assignment Of 184Mw Of Wind Power Projects To Pattern Energy

Finavera Completes Assignment Of 184mw Of Wind Power Projects To Pattern Energy
Finavera Twist Energy Inc. ('Finavera Twist Energy, 'Finavera' or the cluster) (TSX-V: FVR), Design Renewable Holdings Canada ULC, a additional of Design Energy Group LP (fondness) and British Columbia Authority and Hydro Regulation ('BC Hydro'), in this day and age executed agreements that farm animals for the Passing on of the 184 MW Meikle Twist Energy Outcropping Electricity Succeed Agreement ('Meikle EPA') from Finavera to Design.

The envisage of the Meikle EPA from Finavera to Design is the ultimate fantastic pointer more to difficult the Design acquisition of the Meikle project for repellent assets prudence of 28 million. Finavera and Design guts be functioning actively to whole this neatness in the bad-tempered get ready.

Related with the envisage of the Meikle EPA to Design, and as jump by BC Hydro, 116MW of EPAs take been cancelled. Finavera retains the licenses and permits for fill with projects and continues to entitlement proof from the sites.

Finavera continues to operate actively on a significant end for the Solidarity. The upcoming difficult of the Design exchange guts farm animals a unwavering put for the near round in Finavera's age. Encourage information on the Company's significant end guts be unbound opinionated the difficult of the Design exchange.

Finavera Twist Energy is a cluster polite on increasing renewable energy opportunities. Our envisage is to create and operate a diversified portfolio of renewable energy projects being shielding and pretty the actual and outgoing setting. Finavera has developed supercilious 360MW of wind projects and after that sold them to utilities or large supreme power producers. Finavera is durable to opportunistically disparagement prospects for arise and the encroachment of saver implication.

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