VANCOUVER, Sept. 15, 2015 /CNW/ - Finavera Solar
Energy Inc. ('Finavera' or the 'Company') (TSX-V: FVR) Finavera
is pleased to announce the appointment of Ken Stadlin and Michael
Clark to the Board of Directors.
Mr. Stadlin is founder and president of Kenergy Solar, a
Washington, DC based solar
installer. Founded in 2009, Kenergy has established a leading
position in the residential and commercial sectors in the
mid-Atlantic region. As a member of the Board of Directors
for Maryland DC Virginia Solar Energy Industries Association
(MDV-SEIA), Ken has played an active role in ongoing policy
developments in the Maryland and
Washington DC markets. He
has served as Chairman of the DC Policy Committee for
MDV-SEIA. His broad knowledge of the industry is combined
with practical knowledge and experience gained from developing over
7 MW of solar PV projects. He has a Bachelor of Arts
Degree from the University of Virginia
and an MBA from the University of Maryland.
Mr. Clark brings almost two decades of senior public affairs,
branding and strategic communications experience to Finavera. He is
currently a consultant in the natural resource and project
development industry and is responsible for media relations, public
affairs and stakeholder engagement for a variety of public and
private companies. Michael is formerly a Senior Vice President of
Business Development for Finavera Wind Energy where he was
responsible for stakeholder engagement, media relations and
environmental assessment programs. Prior to joining Finavera Wind
Energy, Michael worked for more than a decade as a radio and
television journalist at the Canadian Broadcasting Corporation.
"Ken Stadlin brings a wealth of
solar experience to our board of directors and will help Finavera's
growth in the solar industry," said CEO Jason Bak. "Michael
Clark brings significant marketing, public affairs and
project development experience that will help us capitalize on the
solar opportunity in front of us. Both will help us take advantage
of the opportunity facing Finavera Solar Energy."
The Company also announces the resignations of Hein Poulus from the Company's Board of
Directors and Peter Leighton as
President and Chief Operating Officer. Mr. Poulus and Mr. Leighton
are both leaving in order to pursue other opportunities.
"With the transition from wind energy to solar energy, both Mr.
Poulus and Mr. Leighton decided to step aside and pursue other
opportunities as we build a solar focused team," said Chairman and
CEO Jason Bak. "Mr. Poulus has been
a valued member of the Finavera team since it was founded and I
would like to thank him for his many years of service. He helped
guide our Company through early development while still private,
the development of more than 360 MW of wind projects, and the
transition to the residential solar installation industry. Mr.
Leighton provided positive leadership to our team of project
developers and helped Finavera secure four power purchase
agreements for wind projects in British
Columbia. I would like to thank Hein and Peter for their
contributions and wish them the best of luck in their future
Jason Bak, Founder, CEO and
Director of Finavera, will replace Mr. Poulus as Chairman.
Jason Bak, CEO
About Finavera Solar Energy Inc. (www.finavera.com)
Finavera is focusing its renewable energy development efforts on
residential and utility scale solar projects in America. Through
its subsidiary, Solar Alliance of America, Finavera's mission is to
create and operate a diversified portfolio of renewable energy
projects while protecting and enhancing the physical and social
environment. Finavera has developed over 360MW of wind
projects and subsequently sold them to utilities or large
independent power producers.
About Solar Alliance Of America Inc.
San Diego, California, Solar
Alliance is a solar sales and marketing firm focused on residential
solar installations. In 2013, Solar Alliance had $20.7 million in revenue and was ranked #49 on
Inc. magazine's Top 500 list of America's Fastest Growing Private
Companies, making it #2 in the San Diego
Area and #9 on the list of Top 100 California
companies. In 2012, Solar Alliance was rated #45 on the Top
500 list. From its inception in 2009, Solar Alliance has
installed more than 1,500 residential solar systems in southern
Statements in this news release, other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, constitute
Forward-looking statements. The words "would", "will", "expected"
and "estimated" or other similar words and phrases are intended to
identify forward-looking information. Forward-looking information
is subject to known and unknown risks, uncertainties and other
factors that may cause the Company's actual results, level of
activity, performance or achievements to be materially different
than those expressed or implied by such forward-looking
information. Such factors include, but are not limited to:
uncertainties related to the ability to raise sufficient capital,
changes in economic conditions or financial markets, litigation,
legislative or other judicial, regulatory and political competitive
developments and technological or operational difficulties.
Consequently, actual results may vary materially from those
described in the forward-looking statements.
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
SOURCE Finavera Wind Energy Inc.