Finavera Wind Energy has secured an environmental assessment certificate (EAC) for 49.6MW Tumbler Ridge wind energy project in British Columbia, Canada.

The $125m wind power project to be located 8km west of Tumbler Ridge and will be completed in 12 months time.

Upon completion, the wind project will generate enough power to provide electricity for about 18,000 homes.

Finavera CEO Jason Bak said the project has been under development since 2007 and the EAC marks the final step in a development process that has already secured a power purchase agreement, transmission interconnection, and site control.

"The next steps are to execute a turbine supply agreement, select a construction contractor, secure project financing, and begin construction," Bak said.

In March 2010, Finavera was awarded 25-year electricity purchase agreements by BC Hydro for the 47MW Tumbler Ridge, 77MW Wildmare, 117MW Meikle, and 60MW Bullmoose wind energy projects.

The Wildmare project is currently in the environmental assessment application review stage, and the Meikle project is being prepared for submission.