The 105MW Cloosh Valley wind project rests in Gate-3 of the grid connection queue managed by EirGrid, the Irish national grid operator. Ireland’s Commission for Energy Regulation (CER) has indicated that grid connection offers for Gate-3 will be issued beginning in August 2009.

Based on the project’s queue position, it is estimated that a grid connect offer could be awarded by October 2009. The Irish Wind Atlas estimates a Class-1 wind regime for the project. A proposed 110kVA transmission line is approximately 5km to 10km from the project site.

Jason Bak, CEO of Finavera Renewables, said: This investor has recognized the value of this renewable energy project and we are pleased to bring their capital, development and management experience to this endeavor. The potential joint venture is also aligned with our overall business model of bringing large partners to our projects in order to ensure their success.