RE: FinancingFrom Dec 2 press release:
"The Company is currently completing due diligence and negotiations withone preferred equity provider and expects to sign definitive agreementsfor one or more of the near term projects by the end of January 2011."
"With financial close on our first two projects targeted for the thirdquarter of 2011, we remain on track to begin construction next year andachieve commercial operation in late 2012.”
I strongly believe that we will hear Tumbler Ridge and Wildmare financing in short order. It is my understanding that Finavera management is aggressively progressing towards a deal on the first two projects. Once they show they can bring these two wind farms to production, financing on Meikle and Bullmoose should be much easier and with better ownership interest.