Finavera Renewables

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Finavera Renewables Inc. is a publicly traded company (symbol FVR on the Toronto Venture Exchange) that develops and manufactures wind and wave energy projects in several countries.

Finavera Renewables Inc. is developing a unique wave energy techonology called "AquaBuOy". Energy transfer takes place by converting the vertical component of wave kinetic energy into pressurized seawater by means of two-stroke hose pumps. Pressurized seawater is directed into a conversion system consisting of a turbine driving an electrical generator. The power is transmitted to shore by means of an undersea transmission line.

This technology is being proposed for a project in Makah Bay, Washington State. This project is the most developed wave energy plant in the United States, and the company has filed its final FERC application.

Finavera Renewables Inc. has submitted its planning permission and environmental assessment for the 100MW Cloosh Valley Wind Project in Ireland. Construction anticipated in 2008. There is also the 75MW Maghera Wind Project in Ireland. Planning and applications commence in Q1 2007. Construction anticipated in 2009. And in Canada, environmental assessment and permitting of 1,500 to 2,000MW of identified wind energy sites continues. Meteorological towers are in place and wind data is being compiled in order to prepare Finavera Renewables for the BC Hydro Request for Power in 2007.

Stock Information

TSX-V: FVR

Media Coverage

Finavera Renewables Begins Trading on TSX Venture Exchange January 4, 2007 - 2:37pm

Finavera Renewables Completes Meteorological Tower Installation November 28, 2006 - 6:00pm

Makah Bay Offshore Wave Energy Pilot Project Files for Power Plant License November 2, 2006 - 11:00pm

Finavera Renewables Commits to develop US$40 Million Wave Energy Project in South Africa September 24, 2006 - 11:00pm

Finavera Renewables wave energy project to be awarded €1.37 million July 27, 2006 - 11:00pm