VANCOUVER, April 4 /CNW/ - Finavera Wind Energy Inc. ('Finavera Wind Energy' or the 'Company') (TSX-V: FVR) is pleased to announce the British Columbia Environmental
Assessment Office has formally accepted the Company's applications
for an environmental assessment certificate for the proposed 77
megawatt (MW) Wildmare and 47 MW Tumbler Ridge Wind Energy Projects on
the basis that the applications contain the information prescribed by
the Application Information Requirements. The Application review
process for the two projects officially began on April 1, 2011. The
Application Review stage must be completed in a maximum of 180 days.
After the Review stage is complete, they will be considered by the
Ministers for an Environmental Assessment certificate (maximum 45
The commencement of the 180 Application Review stage on April 1, 2011
ensures the projects remain on schedule for their proposed financial
close and commercial operation dates. The Application Review stage will
include a public comment period and open houses in the local
communities close to the project sites.
The Tumbler Ridge and Wildmare Wind Energy Project Environmental
Assessment applications can be viewed at: www.eao.gov.bc.ca.
The Environmental Assessment Application for the Company's 117 MW Meikle
Wind Energy Project will be submitted to the EAO in the Spring of 2011,
and the Application for the 60 MW Bullmoose Wind Energy Project is
scheduled to enter the Environmental Assessment process the following
Jason Bak, CEO
About Finavera Wind Energy Inc. (www.finavera.com)
Finavera Wind Energy is a wind energy development company focused on
developing, constructing, and operating wind farms in North America and
Ireland. Our mission is to create and operate a viable renewable energy
business while protecting and enhancing the physical and social
environment. In British Columbia, Canada, projects totaling 301 MW have
been awarded 25 year Electricity Purchase Agreements. In Ireland, the
Company has signed a co-development agreement with Scottish and
Southern Renewables for the 105MW Cloosh Valley Wind Project. Data
collection and environmental studies have been continuing at a number
of prospective sites in Canada and the United States.
Statements in this news release, other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, constitute Forward-looking
statements. The words "would", "will", "expected" and "estimated" or
other similar words and phrases are intended to identify
forward-looking information. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause
the Company's actual results, level of activity, performance or
achievements to be materially different than those expressed or implied
by such forward-looking information. Such factors include, but are not
limited to: uncertainties related to the ability to raise sufficient
capital, changes in economic conditions or financial markets,
litigation, legislative or other judicial, regulatory and political
competitive developments and technological or operational difficulties.
Consequently, actual results may vary materially from those described
in the forward-looking statements.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release."
SOURCE Finavera Wind Energy Inc.
For further information:
Finavera Wind Energy
SVP Business Development
Finavera Wind Energy
Pinnacle Capital Markets