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Finavera Wind Energy's Wildmare and Tumbler Ridge Wind Projects Advance in Environmental Assessment Process
Mar. 7, 2011 (Canada NewsWire Group) -- VANCOUVER, March 7 /CNW/ - Finavera Renewables Inc. ...
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[{"type":"text","content":"\n\n\n Mar. 7, 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, March 7 /CNW/ - Finavera Renewables Inc. ('Finavera Renewables' or the 'Company') (TSX-V: FVR) is pleased to announce the Company's 77 megawatt (MW)\n Wildmare and 47 MW Tumbler Ridge Wind Energy Projects have successfully\n passed the screening stage of the British Columbia Environmental\n Assessment process. These projects are two of the Company's four\n projects that were each awarded 25 year power purchase agreements from\n BC Hydro in March, 2010.  This milestone is on schedule and in line\n with an estimated $350 million project financing (equity and senior\n debt) which is expected to close in Q4 2011 followed by commencement of\n construction immediately thereafter. Commercial operation dates are\n estimated to be in late 2012, followed by initial revenue.\n\n\n"The notification that these projects have passed the Environmental\n Assessment screening stage assures us that we remain on track to hit\n our scheduled commercial operation dates for the Wildmare and Tumbler\n Ridge Wind Energy Projects," said Finavera Wind Energy President and\n COO Peter Leighton.\n\n\nBased on existing conditions and with the mitigation proposed, the\n projects are not expected to result in any significant impacts for the\n biophysical, social, heritage, economic and health components assessed\n for these Applications. The final decision on impacts will be\n determined by the BC Ministry of Environment ...