Juhl Wind, Inc. (JUHL.OB) Secures 20-Year $46 Million Community Wind Farm Contract
Source: http://Blog.QualityStocks.net/?p=19044Posted on Wednesday, November 4th, 2009 | In Investing Lessons, Small & Micro Cap
Juhl Wind Inc., an established leader in community-based wind power development and management, specializing on wind farm projects throughout the United States and Canada, recently announced that the company has secured a 20-year, 19.8 MW power purchase agreement between Adams Wind Generations, LLC and Xcel Energy. Located in Meeker County in West Central Minnesota, the Adams Wind Generations project will utilize 12 large wind turbines at an estimated cost of approximately $46 million.
Juhl Wind Inc. has been assisting local owners with the project development since the spring of 2008 and also spearheaded the team to win a competitive request-for-proposal issued by Xcel Energy. Serving as the project’s developer and contractor, Juhl is forecasting that the Adams Wind Farm will commence initial operations in the fourth quarter of 2010.
Dan Juhl, CEO of Juhl Wind, Inc., stated, “The establishment of the Adams Wind Farm project continues to reinforce our belief that there exists strong demand in the market for Community Wind farms.” He continued, “Our business model makes sense for all parties involved, from providing the local utilities with renewable, clean energy resources, to providing local employment opportunities and additional ‘cash crop’ revenue for the land owners.”
Mr. Juhl concluded, “We want our friends in rural America to know that they don’t have to turn their land over to large wind developers. Instead, they can work with us and own their own wind farm and keep a much larger share of the economic benefits for themselves and their neighbors.”
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Adams Wind Generations LLC, America, Canada, ceo, clean energy resources, contractor, Dan Juhl, established leader in community-based wind power development and management, Investing Lessons, Juhl Wind Inc., local utilities, Meeker County, Small & Micro Cap, United States, USD, Xcel Energy
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