05.04.11

Finavera Wind Energy: Wind Energy Projects

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Finavera Wind Energy Inc. 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 days).

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 year.

Contact:

Finavera Renewables
Myke Clark
SVP Business Development
Finavera Renewables
(604)-288-9051
mclark@finavera.com  

Investor RelationsSpyros Karellas
Pinnacle Capital Markets
(416) 800-8921
(416) 433-5696
spyros@pinnaclecapitalmarkets.ca
Christopher Waldron
(416) 900-3719
chris@pinnaclecapitalmarkets.ca

About Finavera Wind Energy Inc.
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.
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