Vancouver's Finavera Renewables Inc. (TSX-V:FVR) has signed a letter of intent to partner with an unnamed investor on the company's 105-megawatt Cloosh Valley wind project in Ireland.
Finavera said that when the project is completed in 2011, it could generate enough power for 60,000 homes and provide approximately $600 million in gross revenue.
Finavera's share price range during the past week: between $0.21 and $0.22; 52-week high: $0.60; 52-week low: $0.10.