15.06.07

15.6.2007: Meldung: Finavera Renewables Inc.: new members to the Board of Directors

Vancouver, Canada, June 14th 2007 – Finavera Renewables Inc. (‘Finavera Renewables’) (TSX-V: FVR) Chairman Thomas I.A. Allen, Q.C., is pleased to announce the addition of two members to the Board of Directors, which has been expanded to six directors. The new directors, Hans Fredrikson and Dr. Charles Stone, bring significant technology development expertise to the Company: Dr. Stone is a former Vice President of Research and Development with Ballard Power Systems and Mr. Fredrikson brings experience from SAAB Aerospace and the Boeing Company.

Finavera Renewables CEO Jason Bak said, “These two exciting additions to our board of directors bring a significant amount of expertise to the Company. Charles Stone brings critical technology development experience from Ballard Power Systems, where he was responsible for driving fuel cell technology into commercial products. Hans Fredrikson, a founder of the company that originally developed our AquaBuOY wave energy technology, brings significant ocean energy knowledge to the board. That knowledge and his experience with Boeing will provide increased depth to the board.”


Dr. Charles Stone

Dr. Charles Stone is a world renowned expert in proton exchange membrane fuel cell technology. He began his career with Ballard Power Systems in 1990 as a research scientist after completing his PhD at the University of British Columbia. Charles became Ballard’s Vice President of Research & Development in 2002. In this role, he had overall responsibility for driving fuel cell technology into products, in addition to executive responsibility for intellectual property. Charles was a member of Ballard’s executive team from 2002, taking on the role as the executive most responsible for technology interface to strategic partners DaimlerChrysler, Ford, and EBARA Research in Japan. Charles left Ballard in March 2007 to start his own consulting firm in the area of green energy. Charles has made keynote presentations at virtually all major fuel cell conferences, publishing numerous scientific papers in addition to being an inventor on 15 issued US patents.


Hans Fredrikson
Mr. Fredrikson was trained and educated in Sweden, with studies in Industrial Engineering/Management and Mechanical Engineering. For the past 26 years, Hans has held numerous senior management positions with companies such as SAAB Aerospace, SAAB Composite, Independent Finance, and the Boeing Company, with whom he is currently employed. Hans is one of the co-founders of AquaEnergy, the company that began development of the AquaBuOY technology and was acquired by Finavera Renewables in 2006.


Finavera Renewables would also like to announce the appointment of Ralph Sahrmann as General Counsel. Mr. Sahrmann’s experience includes his role as Senior Legal Counsel for the British Columbia Securities Commission. Mr. Sahrmann is a seasoned law firm partner, trial attorney and General Counsel with expertise in corporate and commercial matters, including mergers and acquisitions. In conjunction with this appointment, Finavera Renewables has accepted the resignation of Stephen Flechner as General Counsel. The company thanks Mr. Flechner for his guidance and his significant contribution to the development of Finavera Renewables.


On behalf of the Board of Directors, Jason Bak, CEO

For more information, contact the Company at: +1 (604) 288 9051, or by email at info@finavera.com.


About Finavera Renewables Inc. (www.finavera.com)

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 the licensed and patented ‘AquaBuOY’ wave energy technology based on proven buoy technology. The Company is developing wave energy projects for the AquaBuOY 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.

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