Finavera Signs Wind Energy Deal With First Nation Community

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Finavera Wind Energy Inc. says it has signed a memorandum of understanding (MOU) with the McLeod Lake Indian Band (MLIB) for the development of 124 MW of wind power projects.

The MOU includes the construction and operation of the 47 MW Tumbler Ridge and 77 MW Wildmare wind energy projects, which are being developed in the Peace Region of British Columbia.

The MOU is a mechanism through which the MLIB has provided its approval for the Tumbler Ridge and Wildmare projects. It establishes the processes and sharing of benefits that will ensure an ongoing positive relationship with the MLIB, Finavera says.

In return for its consent and support of the wind projects, the MLIB will benefit from training, employment, business opportunities and financial participation in the projects, according to Finavera.

The agreement with MLIB is the second of five such agreements that Finavera hopes to conclude. The company signed an MOU with Halfway River First Nation in 2010, and discussions with three other First Nations – West Moberly First Nation, Doig River First Nation and Saulteau First Nations – are currently in progress.

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