Business
Finavera Wind Energy Director Resigns Due to Potential Conflict
VANCOUVER, Oct. 5, 2012 /CNW/ - Finavera Wind Energy Inc. ('Finavera Wind Energy' or the '...
About this update from Solar Alliance Energy Inc.
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Oct. 5, 2012 /CNW/ - Finavera Wind Energy Inc. ('Finavera Wind Energy' or the 'Company') (TSX-V: FVR) is announcing that Ian Harvey, a director of the Company\n since June 2010, has resigned effective immediately due to potential\n conflict with a bidder for the Company.\n\n\nFinavera Wind Energy is currently in discussions with four potential\n bidders for the Company.  These discussions are at an advanced stage\n and initial offers are expected shortly. Capital West Partners, an\n experienced merger and acquisitions adviser, is responding to their\n inquiries and will review offers received.\n\n\nMr. Harvey has been a strong supporter of Finavera Wind Energy with a\n relationship that began with the Company in 2004, well before he became\n a director.  His experience in negotiating numerous power purchase\n agreements, wind farm construction contracts, and financings for seven\n wind farms in Ireland, Northern Ireland and Canada were invaluable to\n the Company.  In addition to wind energy development, Mr. Harvey is now\n focusing on the operations and maintenance of wind farms, landfill gas,\n and renewable energy from organic waste.  Finavera wishes him well in\n these and future endeavors and thanks him for his efforts and time as a\n director.\n\n\nJason Bak, CEO\n\n\nAbout Finavera Wind Energy Inc. (www.finavera.com)\nFinavera Wind Energy is a company focused on developing, constructing\n and operating wind farms in North America and Ireland. Our mission is\n to create and operate a diversified portfolio of wind projects while\n protecting and enhancing the physical and social environment. In\n British Columbia, Canada, four projects totaling 300 MW have been\n awarded 25 year AAA-rated Electricity Purchase Agreements and one has\n received full environmental approval and permitting for construction,\n expected to begin in 2013. In Ireland, the Company has signed a\n partnership agreement with SSE plc for development of the 105MW Cloosh\n Valley Wind Project. Finavera is continuing to opportunistically review\n prospects for growth and the enhancement of shareholder value.\n\n\nStatements in this news release, other than purely historical\n information, including statements relating to the Company's future\n plans and objectives or expected results, constitute Forward-looking\n s...