Finavera Renewables Recognized by Time Magazine on Earth Day April 22nd, 2008

Vancouver - IPPBC member, Finavera Renewables Inc., is recognized in today’s issue of Time Magazine.

The April 28th issue of Time Magazine focuses on the issues, challenges and opportunities facing the world as a result of changing climates. It is a Special Environmental Issue entitled, “How to Win the War on Global Warming”.  

Finavera Renewables is highlighted as an innovative company on the edge of the energy frontier.  Finavera is recognized as a forerunner in the quest to develop energy from the ocean. Time Magazine states, “What’s more reliable than the waves? This Canadian company with roots in Ireland is harnessing the motion of the ocean to produce electricity. Finavera won the US’s first permit to develop a wave-energy plant off the coast of Washington State.” Additional coverage in the online edition of the magazine includes a summary of Finavera Renewables’ global wave energy projects.

Finavera Renewables CEO Jason Bak stated, “We are pleased to be profiled by Time Magazine as an agent of positive change in the movement towards a more sustainable energy future.  Wave technology holds tremendous promise for green energy on a truly international scale, and we look forward to playing a significant role in its development.” To view this article, please go to the media coverage section of the Finavera website: www.finavera.com/en/press/media