Finavera Renewables Inc.

Finavera Renewables Inc.

March 26, 2008 13:37 ET

Finavera Renewables Hires Kyoto Planet Capital Partners to Provide Investor Relations Services

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2008) - Finavera Renewables Inc. ('Finavera Renewables' or the 'Company') (TSX VENTURE:FVR) is pleased to announce it has retained Kyoto Planet Capital Partners (KPCP) to develop and provide investor relations services for the Company. Kyoto Planet Capital Partners has been engaged to refine and execute an investor relations strategy that will enhance and expand Finavera Renewables exposure with the Canadian and international investment community. KPCP will assist Finavera in fostering productive, continuing dialogues with analysts, brokers, potential investors, current shareholders and other financial professionals.

About Kyoto Planet Capital Partners (

Kyoto Planet Capital Partners is focused on global investment opportunities in the renewable energy and eco-friendly sectors. Our objective is to promote the growth of companies toward leadership in their industry, offering private equity funding, as well as Investor and Grant Relations services. KPCP is part of the Kyoto Planet Group, an integrated provider of knowledge, ideas, discussion, products and services in the environmental space. (

The initial period of the agreement is for 3 months with an option to renew at terms mutually agreeable to each party. Finavera Renewables will compensate Kyoto Planet Capital Partners with a monthly retainer of $12,500 and issue 62,500 incentive stock options to be granted pursuant to the Company's stock option plan and the rules of the TSX Venture Exchange. The options will have an exercise price of $0.20 per share for a period of 5 years. The agreement is subject to the approval of the TSX Venture Exchange.

Jason Bak, CEO

About Finavera Renewables Inc. (

Finavera Renewables Inc. is dedicated to the development of renewable energy resources and technologies. The Company's objective is to become a major renewable and green energy producer by developing and operating its assets in the wind and wave energy sectors. Finavera Renewables Inc. is developing the licensed and patented 'AquaBuOY' wave energy technology, a device that is based on proven and sustainable buoy technology. The Company is developing wave energy projects for AquaBuOY use in the United States, South Africa and Canada. One of those projects, in California, has secured a 2MW power purchase agreement with Pacific Gas and Electric. The Company is also developing other wind energy projects in Canada and Ireland. In Canada, a two stage 150 MW project is being developed in Alberta. Construction on this advance stage project is estimated to begin in 2008 and provides for near term revenue. In British Columbia, four projects totaling 366 MW have been entered into the provincial Environmental Assessment process, and several other sites are being developed. In Ireland, two pre-construction wind projects are under development with a potential capacity of 175MW. Data collection and environmental studies have been continuing at a number of sites in both countries.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Statements in this news release, other than purely historical information, including statements relating to the Company's future plans, objectives or expected results, constitute Forward-looking statements. Such statements represent management's conclusion based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including development risks. Further information concerning such risks is set forth in the Company's formal disclosure documents filed on SEDAR, including its MD&A. Consequently, actual results may vary materially from those described in the Forward-looking statements.

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of, this release.

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