Finavera Wind Energy Director Resigns Due to Potential Conflict

VANCOUVER, 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 since June 2010, has resigned effective immediately 
due to potential conflict with a bidder for the Company. 
Finavera Wind Energy is currently in discussions with four potential bidders 
for the Company. These discussions are at an advanced stage and initial 
offers are expected shortly. Capital West Partners, an experienced merger and 
acquisitions adviser, is responding to their inquiries and will review offers 
Mr. Harvey has been a strong supporter of Finavera Wind Energy with a 
relationship that began with the Company in 2004, well before he became a 
director. His experience in negotiating numerous power purchase agreements, 
wind farm construction contracts, and financings for seven wind farms in 
Ireland, Northern Ireland and Canada were invaluable to the Company. In 
addition to wind energy development, Mr. Harvey is now focusing on the 
operations and maintenance of wind farms, landfill gas, and renewable energy 
from organic waste. Finavera wishes him well in these and future endeavors 
and thanks him for his efforts and time as a director. 
Jason Bak, CEO 
About Finavera Wind Energy Inc. (
Finavera Wind Energy is a company focused on developing, constructing and 
operating wind farms in North America and Ireland. Our mission is to create 
and operate a diversified portfolio of wind projects while protecting and 
enhancing the physical and social environment. In British Columbia, Canada, 
four projects totaling 300 MW have been awarded 25 year AAA-rated Electricity 
Purchase Agreements and one has received full environmental approval and 
permitting for construction, expected to begin in 2013. In Ireland, the 
Company has signed a partnership agreement with SSE plc for development of the 
105MW Cloosh Valley Wind Project. Finavera is continuing to opportunistically 
review prospects for growth and the enhancement of shareholder value. 
Statements in this news release, other than purely historical information, 
including statements relating to the Company's future plans and objectives or 
expected results, constitute Forward-looking statements. The words "would", 
"will", "expected" and "estimated" or other similar words and phrases are 
intended to identify forward-looking information. Forward-looking information 
is subject to known and unknown risks, uncertainties and other factors that 
may cause the Company's actual results, level of activity, performance or 
achievements to be materially different than those expressed or implied by 
such forward-looking information. Such factors include, but are not limited 
to: uncertainties related to the ability to raise sufficient capital, changes 
in economic conditions or financial markets, litigation, legislative or other 
judicial, regulatory and political competitive developments and technological 
or operational difficulties. Consequently, actual results may vary materially 
from those described in the forward-looking statements. 
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release." 
Finavera Wind Energy Jason Bak CEO +1 (604) 288-9051 
Capital West Partners Paul Langley Partner +1 (604) 718-6809 
SOURCE: Finavera Wind Energy Inc. 
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CO: Finavera Wind Energy Inc.
ST: British Columbia
-0- Oct/05/2012 18:21 GMT
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