TY... These 2 items are standout highlights from this year (unquestionably, 2010 was excellent for Finavera in my belief):
•Finavera Renewables received executed versions of the four Electricity Purchase Agreements awarded in the BC Hydro Clean Power Call. The agreements were delivered by BC Hydro for the 45MW Tumbler Ridge Wind Energy Project, 77MW Wildmare Wind Energy Project, 117MW Meikle Wind Energy Project, and the 60MW Bullmoose Wind Energy Project. These four contracts combined have the potential to generate approximately $2.5 billion in revenue over their 25 year lifetime.
•Finavera executed a definitive agreement to sell Finavera Renewables Ocean Energy Limited, the Company's wholly owned subsidiary, including all assets and intellectual property related to the AquaBuOY wave energy technology, eliminating all liabilities and debts related to the subsidiary.
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