09:52 AM EST - Finavera Renewables Inc. : announced that it has signed an exclusive Memorandum of Understanding, or MOU with GE for the firm pricing and supply of GE wind turbines for the company's 45 megawatt Tumbler Ridge Wind Project in British Columbia, Canada, which is planned to be constructed in 2011. Under the terms of the MOU, Finavera 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 shortly after the award of a power purchase agreement from BC Hydro for the Tumbler Ridge Wind Energy Project. Finavera Renewables Inc.
shares V.FVR are trading up 27.27 percent at $0.07.
