Canadian firm Finavera Renewables Inc. has signed an exclusive Memorandum of Understanding (MoU) with GE Energy, one of the world's leading wind turbine manufacturers, for the firm pricing and supply of GE wind turbines for the Company's 45 megawatt Tumbler Ridge Wind Project in British Columbia, Canada.

An official release stated that Tumbler Ridge is one of the four projects Finavera Renewables intends to submit to the BC Hydro Clean Power Call.
Under the terms of the MOU, Finavera Renewables commits to build the Tumbler Ridge Wind Energy Project exclusively with GE wind turbine equipment.

The Company and GE will finalize a turbine supply agreement ("TSA") shortly after the award of a power purchase agreement from BC Hydro for the Tumbler Ridge Wind Energy Project, which is planned to be constructed in 2011.

Finavera Renewables, Inc., a development stage company, develops renewable energy resources and technologies primarily in Canada, Ireland, and the United States.

At 10:10 am, Finavera Renewables was quoting at C$0.08 on TSXV, up C$ 0.25, or 45%. The scrip has made 52-week-high and low of C$0.41 and C$0.03.