Wind Energy | Finavera Wind Energy's Tumbler Ridge Environmental Review Completed And Referred To Ministers For Decision
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Wind Energy | Finavera Wind Energy's Tumbler Ridge Environmental Review Completed And Referred To Ministers For Decision

VANCOUVER , March 1, 2012 /CNW/ – Finavera Wind Energy Inc. (“Finavera” or the “Company”) (TSX-V: FVR.V – News ) is pleased to announce the British Columbia Environmental Assessment Office (” EAO “) has completed its review of the 47 megawatt Tumbler Ridge Wind Energy Project . The Application has now been referred to the Minister of Environment and Minister of Energy and Mines for a decision on the award of an Environmental Assessment Certificate (“EAC”). The Ministers have up to 45 days to assess the application and issue a decision.


Finavera Wind Energy President and COO Peter Leighton said, “The Tumbler Ridge application is the result of several years of environmental studies, First Nations and community consultation, and detailed analysis of potential impacts. The review process with the Environmental Assessment Office is now complete and we look forward to a positive decision from the provincial government. Finavera is confident the project can be built with minimal environmental impacts and would deliver clean, renewable electricity to British Columbians. An Environmental Assessment Certificate, combined with a long term power purchase agreement with BC Hydro that is already in place, would allow the project to move forward towards construction in late 2012.”

Wildmare and Meikle Update

Progress continues to be made on the Environmental Assessment Applications for the Wildmare and Meikle projects. The 77 MW Wildmare Wind Energy Project is on track to advance in the application review process. Additional information was required for the Wildmare Project by the EAO which is similar in nature to the additional information that was submitted for the Tumbler Ridge Application. A process with the EAO was agreed upon whereby the Tumbler Ridge Application would form a template for the Wildmare Project EAC application. This approach is therefore expected to result in a more efficient assessment of the Wildmare Project’s application. The Company continues to work diligently to provide the remaining information to the EAO.

The 117 MW Meikle Wind Energy Project is awaiting final submission into the Environmental Assessment Application review process. The Application includes detailed descriptions of the project, summaries of the studies conducted to assess baseline conditions, and an extensive analysis of potential direct and cumulative impacts relating to the construction and operation of the project.


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