Wednesday, August 8, 2012

Finavera receives wind farm construction permit for 47 MW Tumbler Ridge project in North-Eastern British Columbia

Finavera Wind Energy Inc. recently announced it has received a General Area Licence of Occupation for the 47 MW Tumbler Ridge Wind Energy Project located in northeastern British Columbia. The Licence, which was issued by the British Columbia Ministry of Forest, Lands and Natural Resource Operations, provides the approval for construction to commence on the project. The Tumbler Ridge Wind Energy Project recently received an Environmental Assessment Certificate and has a 25 year power purchase agreement with B.C. Hydro.

The $125 million CAD project will be located 8 kilometres west of the town of Tumbler Ridge in the province of British Columbia. Once completed, the project will generate enough power to provide electricity for up to 18,000 homes. The 12 month project construction period is expected to generate 560 person years of direct employment, and the operational phase of the project is expected to create 188 person years of full-time direct employment.

Finavera Wind Energy CEO Jason Bak said, “This is a key milestone for the Tumbler Ridge Wind Energy Project and allows Finavera to progress through the final steps towards construction of this project. Our next steps are to finalize financing for the project, execute a turbine supply agreement, and contract a group to undertake the construction process.”

Source: Finavera Press Release

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