Finavera Wind Energy: Corporate Update

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Vancouver, Canada, March 12, 2015 - Finavera Wind Energy Inc. ('Finavera Wind Energy', 'Finavera' or the 'Company') (TSX-V: FVR), announces it is not aware of any material changes relating to the Company or its business to account for yesterday's movement in its share price and increased trading volume.

On August 25th, 2014 the Company announced that it had signed an agreement to acquire 100% of the equity of Solar Alliance of America, Inc., a corporation under the laws of California ('Solar Alliance'). Due diligence and negotiations with Solar Alliance continue in conjunction with a process to secure bridge financing to fund the acquisition. The anticipated debt financing would be secured against the proceeds of a receivable due this year from the sale of the Company's Cloosh Valley Wind Project in Ireland.

Finavera looks forward to closing the bridge financing and finalizing a commercial agreement with Solar Alliance in the short term and will provide an update at that time.

Jason Bak, CEO


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 360 megawatts 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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