Finavera Renewables has purchased two projects in Alberta, the 75MW Ghost Pine and 75MW Lone Pine, in 2007. The company will retain its 50% ownership of the nearby 75 MW Lone Pine project. Jason Bak, CEO of Finavera Renewables, said: "This sale proves our development business model and illustrates our ability to add value to the company by developing wind projects. The transaction delivers a profitable outcome to Finavera in a relatively short time frame and we believe this is a good opportunity to monetize this investment. "This transaction puts our company in a much stronger financial position during these difficult market conditions and allows us to continue developing a strong pipeline of projects in British Columbia, Ireland and Alberta."