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1111 West Georgia Street, 24th Floor
Vancouver (V6E 4M3)
British Columbia
Canada
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Phone: 604 288 9051
Fax: 604 684 2722
Email: info@finavera.com
http://www.finavera.com

Finavera Renewables is a publicly traded company (Toronto Venture Exchange: FVR) dedicated to the development of renewable energy resources and technologies. Finavera Renewables' objective is to become a major renewable and green energy producer by developing and operating its assets in the wind and wave energy sectors. In addition, Finavera Renewables is positioning itself to become a developer and supplier of renewable energy innovation through the acquisition of interests in key proprietary technologies.

Wind energy is currently the world’s fastest growing energy business. Governments in Ireland and Canada are committed to expanding the role of wind as a source of power to meet renewable energy targets. So what is Finavera Renewables doing to capitalize on this growth market? In Ireland, we are developing two wind power projects totaling 175MW. Ireland is renowned for consistent high speed winds year round, and the Irish government recognizes the potential to harness that power. The government’s Renewables Directive requires 15% renewable energy by 2010. With only 3% currently installed, there exists a substantial opportunity for suppliers of renewable energy. In Canada, we are developing 18 potential wind power project sites. Wind energy in Canada has seen an annual average growth of 35% between 2000 and 2005, with an expected growth of 70% in 2006. But with only 1049MW of installed capacity (CANWEA, June 2006), there is substantial room for further installations. Finavera’s offshore power plants consist of patented wave energy converters that are based on proven, survivable buoy technology. Clusters of these small, modular devices called AquaBuOYs are moored several kilometers offshore where the wave resource is the greatest. The power plants are scalable from hundreds of kilowatts to hundreds of megawatts. Finavera power plants are designed to provide clean, renewable energy for large population centers. The offshore plants are suitable as distributed generation and load balancing at coastal transmission points.

1. Actor:

   Manufacturer / Installer, Project developer

2. Sector:

   Marine (wave, tidal) energy, Wind energy

3. Activity:

   Canada, Ireland, Portugal, South Africa, United States