“Finavera intends to move expeditiously to explore transaction proposals and consummate a transaction in the near term,” according to the company, which did not name the interested bidders.
Finavera’s main assets are four wind projects totalling 301.6MW in the Peace River region of northeastern British Columbia, which have 25-year power purchase agreements with provincial utility BC Hydro. They are Bullmoose, 60MW; Meikle, 117MW; Tumbler Ridge, 47.2MW,
