Finavera

Wind energy is currently the world’s fastest growing energy business. Governments in Ireland and Canada are committed to expanding the role of wind as a source of power to meet renewable energy targets.

So what is Finavera Renewables doing to capitalize on this growth market?

In Ireland, we are developing two wind power projects totaling 175MW. Ireland is renowned for consistent high speed winds year round, and the Irish government recognizes the potential to harness that power. The government’s Renewables Directive requires 15% renewable energy by 2010. With only 3% currently installed, there exists a substantial opportunity for suppliers of renewable energy.

In Canada, we are developing several potential wind power project sites. Wind energy in Canada has seen an annual average growth of 35% between 2000 and 2005, with an expected growth of 70% in 2006. But with only 1049MW of installed capacity (CANWEA, June 2006), there is substantial room for further installations.