Finavera Wind Energy Inc. announced August 23 it had reached an agreement in principle on terms for a Memorandum of Understanding 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 marks the beginning of a partnership between McLeod Lake Indian Band and Finavera that will see benefits flow to both parties through the construction and operation of four wind projects that will produce 300 megawatts of electricity.
McLeod Lake Indian Band Chief Derrick Orr said, “The McLeod Lake Indian Band is happy to support Finavera and the responsible energy they will be producing. We look forward to the success of this project and to a long and mutually beneficial relationship with Finavera.”
The four wind projects that are covered by the MOU are: 45 MW Tumbler Ridge Wind Energy Project, 77 MW Wildmare Wind Energy Project, 117 Meikle Wind Energy Project, and the 60 MW Bullmoose Wind Energy Project.
The agreement with McLeod Lake Indian Band is the second of five such agreements that Finavera Wind Energy hopes to conclude. The company 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.