Finavera Renewables Appoints Ian Harvey to Board of Directors
By Finavera Renewables Inc., PRNETuesday, June 1, 2010
VANCOUVER, June 2, 2010 - Finavera Renewables Inc. ('Finavera Renewables' or the 'Company')
(TSX-V: FVR) is pleased to announce that Ian Harvey has been appointed to
its Board of Directors. Mr. Harvey has extensive wind industry experience in
both Canada and Ireland.
Mr. Harvey is the founding shareholder and director of B9 Energy. He has
negotiated numerous power purchase agreements, wind farm construction
contracts, and financings for six wind farms in Ireland with a capacity of
more than 60 megawatts and the 63 megawatt Kettles Hill wind farm in Alberta,
Canada. B9 Energy was formed in 1992 to develop wind farms and has since
diversified into Operations and Maintenance of wind farms, landfill gas,
and renewable energy from organic waste. Mr. Harvey holds a Bachelor of
Science (Economics) from the University of Ulster and is a Fellow of the
Institute of Chartered Accountants in Ireland (FCA).
Finavera Renewables CEO Jason Bak said, "Mr. Harvey is a welcome
addition to our board of directors and will bring us almost two decades of
wind energy development and construction expertise. Mr. Harvey will provide
a compliment to our current team as we move towards the critical milestones
of securing project finance, negotiating construction contracts, and
executing turbine supply agreements."
Jason Bak, CEO, on behalf of the Board of Directors
About Finavera Renewables Inc. (www.finavera.com)
Finavera Renewables Inc. is dedicated to the development of renewable
energy resources and technologies. The Company's objective is to become a
major renewable and green energy producer by developing and operating its
assets in the wind sector. Finavera Renewables is developing wind energy
projects in Canada and Ireland. In British Columbia, Canada, projects
totaling 301 MW have been awarded Electricity Purchase Agreements under
the Hydro Clean Power Call. In Ireland, one pre-construction wind project
is under development with a potential capacity of 105MW. Data collection
and environmental studies have been continuing at a number of sites in
both countries.
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.
The TSX Venture Exchange has not reviewed, and does not accept
responsibility for the adequacy or accuracy of, this release.
For further information: Finavera Renewables, Myke Clark, SVP Business
Development, Finavera Renewables, +1-604-288-9051, mclark@finavera.com;
Media Contact, Mike Wilson, FD Element, +1-604-760-4758, mike.wilson@fd.com
For further information: Finavera Renewables, Myke Clark, SVP Business Development, Finavera Renewables, +1-604-288-9051, mclark at finavera.com; Media Contact, Mike Wilson, FD Element, +1-604-760-4758, mike.wilson at fd.com
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