Business
Finavera Renewables Provides British Columbia Project Finance Update
Jan. 31, 2011 (Canada NewsWire Group) -- VANCOUVER, Jan. 31 /CNW/ - Finavera Renewables Inc....
About this update from Solar Alliance Energy Inc.
[{"type":"text","content":"\n\n\n\n Jan. 31, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, Jan. 31 /CNW/ - Finavera Renewables Inc. ('Finavera Renewables' or the 'Company') (TSX-V: FVR) is pleased to provide an update on the process to secure\n financing for the Company's 301 MW portfolio of wind projects in\n British Columbia. On December 2, 2010 the Company announced it was\n completing due diligence and negotiations with one preferred equity\n provider and expected to sign definitive agreements for one or more of\n the near term projects by the end of January, 2011. Finavera continues\n to negotiate terms with the preferred equity provider and will provide\n a further update on the process before February 15, 2011.\n\n\nJason Bak, CEO\n\n\nAbout Finavera Renewables Inc. (www.finavera.com)\nFinavera Renewables is a wind energy development company focused on\n developing, constructing, and operating wind farms in North America and\n Ireland. Our mission is to create and operate a viable renewable energy\n business while protecting and enhancing the physical and social\n environment. In British Columbia, Canada, projects totaling 301 MW have\n been awarded 25 year Electricity Purchase Agreements. In Ireland, the\n Company has signed a co-development agreement with Scottish and\n Southern Renewables for the 105MW Cloosh Valley Wind Project. Data\n collection and environmental studies have been continuing at a number\n of prospective sites in Canada and the United States.\n\n\nStatements in th...