Finavera Renewables Inc. has announced its bid to develop four wind energy projects in British Columbia, Canada.
To facilitate the bid into BC Hydro's 2008 Clean Power Call, Finavera
Renewables has signed a memorandum of understanding with GE Energy
Financial Services, a unit of GE for proposed financing of up to 295MW
of wind power projects in the Peace region in northeast British
Columbia. Completion of the financing for Finavera Renewables' wind
projects is subject to corporate and regulatory approvals, completion
of due diligence, finalisation of documentation, approval of GE's
investment committees, the award of an Energy Purchase Agreement from
BC Hydro and other conditions.
