Meikle Wind Energy Project Granted Environmental Assessment Approval

Meikle Wind Energy Project Granted Environmental Assessment Approval 
VANCOUVER, July 3, 2014 /CNW/ - Finavera Wind Energy Inc. ("Finavera" or the 
"Company") (TSX-V: FVR) is pleased to announce that the 184MW Meikle Wind 
Energy Project (the "Project"), initially developed by Finavera and 
subsequently sold to Pattern Energy Group LP ("Pattern Development"), the 
current developer of the Project, for gross consideration of up to $28 
million, has received an Environmental Assessment Certificate ("EAC").  BC's 
Environment Minister Mary Polak and Energy and Mines Minister Bill Benett made 
the decision to grant the EAC after considering the review led by B.C.'s 
Environmental Assessment Office ("EAO"). 
In March 2010, Finavera was awarded 25 year Electricity Purchase Agreements by 
BC Hydro for the 47 MW Tumbler Ridge and 117 MW Meikle Wind Energy Projects.  
In April 2013 Finavera finalised terms for the sale of these projects to 
Pattern Development and closed the transaction in April 2014.  To date, 
Finavera has received consideration of approximately $9.3 million from Pattern 
Development.  The remaining consideration is expected to be received on the 
arrangement of construction financing for the Project, anticipated in early 
2015. 
"As a result of the successful completion of this milestone, Finavera has more 
confidence and much less risk in completing the terms of the sale agreement 
with Pattern Development.  With proceeds from the sale, Finavera plans to 
aggressively reduce short and long term debt and focus on another fast growing 
area of renewable energy development.  Finavera is working on transactions to 
put forward for shareholder approval at our AGM," concluded CEO Jason Bak. 
Finavera would like to thank our First Nations and community stakeholders for 
their support of the Meikle Wind Energy Project.  This project represents a 
path for BC towards a clean energy future that can substantially reduce our 
reliance on hydrocarbons and the problems they cause. 
Jason Bak, CEO 
About Finavera Wind Energy Inc. (www.finavera.com) Finavera Wind Energy is a 
company focused on developing renewable energy opportunities. Our mission is 
to create and operate a diversified portfolio of renewable energy projects 
while protecting and enhancing the physical and social environment. Finavera 
has developed over 360MW of wind projects and subsequently sold them to 
utilities or large independent power producers. 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."
 

SOURCE  Finavera Wind Energy Inc. 
Finavera Wind Energy, Jason Bak, CEO, +1 (604) 288-9051, info@finavera.com 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/July2014/03/c1908.html 
CO: Pattern Energy Group LP
ST: British Columbia
NI: ENV OIL  
-0- Jul/03/2014 13:22 GMT
 
 
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