/>
X
Business

More big money for work on wind. Yes, that's $1 billion.

Finavera Renewables (which has both wind and wave energy projects around the world) has negotiated a deal with an unnamed corporate investor who plans to put up $1 bilion for wind power projects that will create up to 300 megawatts of capacity in British Columbia.The money is contingent on the approval of a power purchase agreement under the BC Hydro Clean Power Call initiative.
Written by Heather Clancy, Contributor on

Finavera Renewables (which has both wind and wave energy projects around the world) has negotiated a deal with an unnamed corporate investor who plans to put up $1 bilion for wind power projects that will create up to 300 megawatts of capacity in British Columbia.

The money is contingent on the approval of a power purchase agreement under the BC Hydro Clean Power Call initiative. The program hopes to stimulate the development of up to 5,000 megawatts of alternative energy capacity, with an ultimate goal of self-sufficiency in the province by 2016 in terms of producing electricity. The deadline for the submissions is Nov. 25, 2008. The purchasing agreements are scheduled to be granted between April and June of next years.

Here are some more specifics on the pending Finavera deal.

Editorial standards

Related

The 20 best Cyber Monday deals under $30
Amazon Fire TV Stick 4K

The 20 best Cyber Monday deals under $30

Live blog: 110+ of the best Cyber Monday deals
Large white Cyber Monday text with electronics behind it

Live blog: 110+ of the best Cyber Monday deals

The 57 best Cyber Monday deals on Amazon right now
Image of Amazon Echo Show 8 on a wooden table in front of a person cooking and folding pastry dough.

The 57 best Cyber Monday deals on Amazon right now