Finavera Renewables sells majority interest in Grid Connection for Ireland’s Largest Onshore Wind Project to Scottish and Southern Energy for (euro)8.4 million
Finavera Renewables has also signed a Co-Development Agreement (“CDA”) with SSE and Coillte, the state owned commercial forestry and renewables company, to jointly develop the Cloosh Valley project. Coillte is the landowner at the project site and has been a development partner on the project with Finavera since 2009. Finavera will retain a 10% equity interest in the project and will participate in all project development functions and activities.
Finavera Renewables CEO
About the Cloosh Valley Wind Project
The Cloosh Valley Wind Project has nameplate capacity of up to 105MW and has received a Gate 3 Node Assignment from Eirgrid. The wind resource at the Cloosh Valley project is among the strongest in
About Scottish and Southern Energy (SSE)
SSE is one of the UK and
Coillte is a commercial company operating in forestry, timber panel products, land based businesses and renewable energy. Coillte employs 1,000 people and owns over 445,000 hectares of land, about 7% of the land cover in
About Finavera Renewables Inc. (www.finavera.com)
Finavera Renewables Inc. is dedicated to the development of renewable energy resources. The Company’s objective is to become a major renewable and green energy producer by developing and operating its assets in the wind sector. Finavera Renewables is developing wind energy projects in
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SOURCE Finavera Renewables Inc.