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by Mike Caswell

Finavera Wind Energy Inc. denies that it owes anything to Capital West Partners, a private entity that is suing the company in the Supreme Court of British Columbia over a $550,000 fee. The fee supposedly represented Capital West's work on a major transaction Finavera completed in 2014, but Capital West had no role in the deal, Finavera says. In fact Capital West had stopped doing any work for Finavera almost a year earlier, according to the company.

Finavera is responding to a notice of claim that Capital West filed at the Vancouver courthouse on Sept. 18, 2014. The brief suit claimed that Capital West helped with some sort of transaction involving Finavera's assets in April, 2014. (The notice provided no details of the transaction, but in April, 2014, Finavera sold its its Meikle wind energy project in B.C. for $28-million.) Capital West said it earned a $550,000 fee as part of the deal, but Finavera had refused to pay. It sought a judgment in that amount, plus interest and court costs.

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