Finavera Renewables CEO to Testify Before United States Senate

    WASHINGTON, June 5 /CNW/ - Finavera Renewables Inc. ('Finavera
Renewables') (TSX-V: FVR) advises that CEO Jason Bak will be making a
presentation to the United States Senate Committee on Energy and Natural
Resources. Mr. Bak's testimony before the Committee Hearing on June 7th will
focus on regulatory issues related to the ocean energy industry in the United

    What:   Finavera Renewables CEO to address US Senate Energy and
            Natural Resources Committee

    When:   Thursday, June 7th, 2007, 9:30 am Eastern.

    Where:  Room 366 Dirksen Senate Office Building, Washington, DC.

    View:   The presentation will be streamed online at:


    Bak welcomed the invitation to testify, "Now is the time to address key
regulatory issues surrounding ocean energy in order to fast track the
deployment of wave energy technology. We have begun construction of our second
generation AquaBuOY 2.0 wave energy buoy, which we plan to install off the
coast of Newport, Oregon this summer. We currently have wave energy parks
under development in California, Oregon, and Washington and we are involved in
a number of additional projects worldwide. These are not just paper R&D
projects but are planned to be amongst the first stages of phased, commercial
wave parks in America. We look forward to providing input to the Senate
Committee and to developing this industry to its fullest potential."

    The testimony before the Senate Committee marks the second time Finavera
Renewables has appeared before a federal United States committee examining the
ocean energy industry. In April, Mr. Bak outlined the enormous potential of
wave energy before a United States Congress Joint Subcommittee hearing.

    On behalf of the Board of Directors,

    Jason Bak, CEO

    About Finavera Renewables Inc. (

    Finavera Renewables Inc. is dedicated to the development of renewable
energy resources and technologies. The Company's objective is to become a
major renewable and green energy producer by developing and operating its
assets in the wind and wave energy sectors. Finavera Renewables Inc. is
developing patented 'AquaBuOY' wave energy technology, based on proven and
sustainable buoy technology. The Company is developing wave energy projects
for the deployment of the AquaBuOY technology in the United States, Portugal,
South Africa and Canada. The Company is also developing wind energy projects
in Canada and Ireland. In Canada, a two stage 150 MW project is being
developed in Alberta. Construction on this advance stage project is estimated
to begin in 2008 and provides for near term revenue. In British Columbia, four
projects totaling 366 MW have been entered into the provincial Environmental
Assessment process, and several other sites are being developed. In Ireland,
two pre-construction wind projects are under development with a potential
capacity of 175MW. Data collection and environmental studies have been
continuing at a number of sites in both countries.

    This news release does not constitute an offer to sell or a solicitation
of an offer to sell any securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available. Statements in this news
release, other than purely historical information, including statements
relating to the Company's future plans, objectives or expected results,
constitute Forward-looking statements. Such statements represent management's
conclusion based on numerous assumptions and are subject to all the risks and
uncertainties inherent in the Company's business, including development risks.
Further information concerning such risks is set forth in the Company's formal
disclosure documents filed on SEDAR, including its MD&A. Consequently, actual
results may vary materially from those described in the Forward-looking

    The TSX Venture Exchange has not reviewed, and does not accept
responsibility for the adequacy or accuracy of, this release.

For further information:

For further information: Finavera Renewables Inc. 604-288-9051 or Media Myke Clark VP Policy & Public Relations or K Capital Source Jonathan Neilan, +353 1 631 5500

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