Finavera Wind Energy Agrees To MOU With First Nation

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Finavera Wind Energy Inc. has reached an agreement in principle to terms on a memorandum of understanding (MOU) with the McLeod Lake Indian Band for the development of the company's four wind projects in the Peace Region of British Columbia.

The MOU is a mechanism through which the McLeod Lake Indian Band has provided its acknowledgement and acceptance for the Tumbler Ridge, Wildmare, Meikle, and Bullmoose wind projects, which total almost 300 MW of energy.

In return for consent and support of the projects, the McLeod Lake Indian Band will benefit through training, employment, business opportunities and financial participation in the projects, according to Finavera.

The company says it commits to providing renewable energy that brings benefits to First Nations and all British Columbians in a manner that respects aboriginal and treaty rights and minimizes environmental impacts.

Finavera signed an MOU with Halfway River First Nation in 2010. 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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