Finavera Renewables Receives Executed Electricity Purchase Agreements

Applauds Provincial Government's Clean Energy Act

VANCOUVER, April 29, 2010 - Finavera Renewables Inc. ('Finavera Renewables' or the 'Company') (TSX-V:
FVR) is pleased to announce it has received executed versions of the four
Electricity Purchase Agreements ("EPA's") recently awarded in the BC Hydro
Clean Power Call. The EPA's were delivered by BC Hydro for the Tumbler
Ridge Wind Energy Project, Wildmare Wind Energy Project, Meikle Wind Energy
Project, and the Bullmoose Wind Energy Project. These four contracts
combined have the potential to generate approximately CDN $2.5 billion in
revenue over their 25 year lifetime and will provide clean, renewable power
to more than 75,000 homes in British Columbia.

Finavera Renewables would also like to congratulate the British Columbia
government for introducing the Clean Energy Act ("Act") in the Legislature.
The Act sets the foundation for a new future of electricity self-sufficiency,
job creation and reduced greenhouse gas emissions, powered by investments in
clean, renewable energy across the Province. Of particular importance to
Finavera's four wind projects is the provision that exempts contracts awarded
in the Clean Power Call from a separate BC Utilities Commission review. The
Clean Energy Act must still be enacted by government through a vote in the
Provincial Legislature.

Finavera Renewables CEO Jason Bak said, "The provincial government has
shown extraordinary leadership in advancing clean energy development in
British Columbia. The Clean Energy Act will provide greater clarity for
companies seeking to develop clean energy projects and increase investment in
the Province."

Finavera is also pleased to announce the total capacity of its four
projects has increased. The Company was initially awarded EPA's which covered
a total of 293 megawatts of capacity across the four agreements. The capacity
has since been increased based on additional studies and advances in
technologies and the four projects now total over 300 megawatts of renewable
wind energy. The Company has also posted a total of CDN $2,032,000 in
performance security guarantees with BC Hydro for the four projects.

The Company will focus on several aspects of project development over the
coming months:

    -   Ongoing consultation with First Nations;
    -   Completion of the Environmental Assessment Certificate applications.
        Finavera anticipates completing minor remaining fieldwork and
        reporting in time to submit the Environmental Assessment Applications
        in the fall of 2010, with a decision anticipated from the
        Environmental Assessment Office in mid-2011;
    -   Implementation of tenders for the design, build construction
        agreements and turbine supply agreements;
    -   Commencing project finance discussions.

On the corporate level, management is assessing a number of funding
opportunities and has initiated a search and review for potential strategic
investors.

Jason Bak, CEO

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 300 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

For further information: Finavera Renewables, Myke Clark, SVP Business Development Finavera Renewables, +1-604-288-9051, mclark at finavera.com