366 Megawatts of Wind Projects for British Columbia

[jpak]

Finavera Renewables Submits 366 Megawatts of Wind Projects into the British Columbia Environmental Assessment Process

http://www.newswire.ca/en/releases/archive/May2007/15/c8995.html

VANCOUVER, CANADA, May 15 /CNW/ - Finavera Renewables Inc. (the 'Company'
or 'Finavera Renewables') (TSX VENTURE:FVR) is pleased to announce it has
entered four wind power projects into the British Columbia Environmental
Assessment (EA) process. The four projects are located in the province's Peace
Region and have a nominal nameplate capacity of 366 megawatts (MW). Once
operational, the projects could provide clean, renewable electricity to more
than 100,000 Canadian homes.

Finavera Renewables CEO Jason Bak said, "These four projects illustrate
our commitment to developing British Columbia's wind industry hand in hand
with the communities of the Peace Region. The clean, cost effective energy
created by these projects will diversify BC's energy mix while reducing our
dependence on fossil fuels. Our company is committed to extensive public
consultation with interested stakeholders, and looks forward to developing a
clean energy legacy that will benefit the province for years to come."

As part of the EA process, the Company will undertake environmental
studies, engineering design and analysis, and community and First Nations
consultations. Finavera Renewables plans to submit one or more of the projects
into the next British Columbia Hydro Call for Tenders (expected during the
fall of 2007). If successful, this will provide a long term power purchase
agreement for the projects as one possible route to market for generated
electricity. The project areas have been selected based on excellent wind
resources, accessibility from existing transportation infrastructure and
proximity to nearby transmission systems.

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