Finavera Renewables Inc. has announced its bid to develop four wind energy projects in British Columbia, Canada.

To facilitate the bid into BC Hydro's 2008 Clean Power Call, Finavera Renewables has signed a memorandum of understanding with GE Energy Financial Services, a unit of GE for proposed financing of up to 295MW of wind power projects in the Peace region in northeast British Columbia. Completion of the financing for Finavera Renewables' wind projects is subject to corporate and regulatory approvals, completion of due diligence, finalisation of documentation, approval of GE's investment committees, the award of an Energy Purchase Agreement from BC Hydro and other conditions.