The World's #1 Renewable Energy Network for News, Information, and Companies.

Finavera Signs LOI for 105-MW Cloosh Valley Wind Project

Finavera Renewables Inc. announced that it signed a Letter of Intent (LOI) with a large investor for the joint development of the 105-megawatt (MW) Cloosh Valley Wind Project in Ireland. The LOI allows for discussion of a joint venture agreement providing for further development and an equity investment in the project, which has an estimated in service date of 2011.

The Cloosh Valley project currently rests in Gate 3 of the grid connection queue managed by EirGrid, Ireland's national grid operator. The Commission for Energy Regulation (CER) has indicated that grid connection offers for Gate 3 will be issued beginning in August 2009.  Based on the Project’s queue position, it is estimated that a grid connect offer could be awarded by October 2009.

“This is an exciting step for our company and for the development of the Cloosh Valley wind farm. This investor has recognized the value of this renewable energy project and we are pleased to bring their capital, development and management experience to this endeavor. The potential joint venture is also aligned with our overall business model of bringing large partners to our projects in order to ensure their success,” said Jason Bak, Finavera Renewables' CEO.

RELATED ARTICLES

Renewable Energy Finance

Clean Energy ETFs Are on a Tear

Eric Balchunas, Bloomberg Green investing used to be synonymous with losing money. But while the S&P 500 Index is up 2 percent this year, and the MSCI All-Country World Index is up 5 percent, clean energy ETFs have double-digit re...

Wheels, Towers and Trees: Unconventional Renewable Energy Technologies in the Pipeline

Andrew Williams, International Correspondent A number of companies around the world are developing novel technologies in an effort to grab a slice of the global renewable energy market.  Although many of these technologies are simple incremental improvements to e...
UK Parliament Clean Energy Leaders

UK Government Names Clean Energy Cabinet Members

David Appleyard, Contributing Editor With the UK general election now over and a majority Conservative Party government in place, the re-elected Prime Minister David Cameron has now named key members of the government charged with steering the UK’s clean energ...
Microgrids

Coast to Coast and Across the Electric System, Microgrids Provide Benefits to All

Dick Munson, Environmental Defense Fund At the most obvious level, microgrids could disrupt today’s utilities and their regulated-monopoly business model, because they challenge the centralized paradigm. In a nutshell, microgrids are localized power grids that ha...

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in Brazil – in partnership with GWEC, the Global Win...

Brazil is one of the most promising markets for wind energy.  Ranke...

Energy Storage USA 2015

Energy Storage USA is the leading conference in the United States focuse...

Wind Power Central America

Wind power projects are expected to reach 46GW of total installed capaci...

COMPANY BLOGS

SunEdison Expands Residential Market Offerings with New PPA, Sales ...

SunEdison has largely focussed on the commercial and utility-scale solar...

Deadline for Inclusion in Solar Power World's Top Solar Contractors...

UPDATE: The official deadline for the Solar Power World T...

Are You Ready for a Natural Disaster?

Guest post by Jenna Clarke  Living in the Shenandoah Valley of Virg...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS