Business
Finavera Wind Energy Provides Corporate Update and Releases Financial Results
Jun. 27, 2011 (Canada NewsWire Group) -- VANCOUVER, June 27, 2011 /CNW/ - Finavera Wind Ener...
About this update from Solar Alliance Energy Inc.
[{"type":"text","content":"\n\n\n Jun. 27, 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, June 27, 2011 /CNW/ - Finavera Wind Energy Inc. ('Finavera Wind Energy' or the 'Company') (TSX-V: FVR) is pleased to announce its 2011 First Quarter financial\n results and provide a corporate and project update for shareholders.\n\n\nFinavera Wind Energy CEO Jason Bak said, "We have been making solid\n progress on our wind projects in British Columbia by assembling the\n required components as we move towards financial close and commencement\n of construction at the end of the year. We remain on track to reach a\n definitive agreement for the equity finance of the Wildmare Wind Energy\n Project, and continue to optimize financing alternatives for the\n Tumbler Ridge Wind Energy Project. The equity agreement for each\n project is a key milestone and we are ensuring that we have as many\n financing and project variables fixed as possible. We anticipate the\n award of environmental certificates for the Wildmare and Tumbler Ridge\n projects in October 2011. We are also in the process of identifying an\n appropriate lender to lead the provision of senior debt."\n\n\n"We are also actively exploring expansion opportunities in Washington\n State and Oregon in order to expand our project pipeline, as we\n recognize the need for continual growth once our current portfolio is\n in operation. In order to grow our Company, we are also actively\n pursuing other potential strategies that may include joi...