Vancouver, Canada, June 11^th, 2008 – Finavera Renewables Inc. (‘Finavera Renewables’ or the ‘Company’) (TSX-V: FVR) is pleased to be recognized in The Economist magazine’s Technology Quarterly. The article outlines the potential of the global wave energy industry and focuses part of its attention on Finavera Renewables’ AquaBuOY wave energy technology.

Finavera Renewables CEO Jason Bak stated, “We are excited to be featured by a magazine such as The Economist. The reach and distribution of this respected business magazine contributes to publicizing the work we are doing as agents of positive change. Wave technology holds tremendous promise for green energy on a truly international scale, and we look forward to continuing to play 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