Finavera: Sale of Wind Assets to Pattern Energy Completed

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Vancouver, Canada - Finavera Wind Energy Inc. ('Finavera Wind Energy') (TSX-V: FVR), Pattern Renewable Holdings Canada ULC, a subsidiary of Pattern Energy Group LP ('Pattern') have completed the Purchase and Sale Agreement for 184 megawatts (MW) of wind projects, previously announced on April 29th, 2013, for gross cash consideration of $28 million.

Concurrent with closing, Finavera has received consideration of $9.3 million from Pattern. Commencement of construction site activities on the 184MW Meikle Project is expected in early 2015, with the balance of funds due to be paid to Finavera at the close of construction financing, subject to receipt of required permits and approvals. For more information on project timelines, please see www.meiklewind.com.

The closing of the Pattern transaction provides a solid platform for the next stage in Finavera's development. Further information on the Company's strategic plan will be released in the short term.

Jason Bak, CEO


For more information:
Finavera Wind Energy
Jason Bak
CEO
+1 (604) 288-9051
info@finavera.com

About Finavera Wind Energy Inc. (www.finavera.com)

Finavera Wind Energy is a company focused on developing renewable energy opportunities.  Our mission is to create and operate a diversified portfolio of renewable energy projects while protecting and enhancing the physical and social environment.  Finavera has developed over 360MW of wind projects and subsequently sold them to utilities or large independent power producers.  Finavera is continuing to opportunistically review prospects for growth and the enhancement of shareholder value.
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