GE to finance $800M Finavera wind farms

Finavera Renewables said today it struck a funding deal with General Electric. Finavera has submitted a bid to get power-purchase agreements with BC Hydo, one of the largest electric utilities in Canada. If successful, Finavera plans to build 295 megawatts of capacity of wind in four locations in northeast British Columbia, referred to as the Bullmoose, Meikle, Wildmare and Tumbler Ridge projects. Finavera valued the total cost for the four wind farms at $800 million.

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