The Adams project is located in Meeker County in West Central Minnesota and will consist of a locally controlled LLC made up of Meeker County residents and a to-be-determined equity partner. Juhl Wind Inc. has been assisting the local owners in the development of the project since the spring of last year and led the team to win a competitive request-for-proposal (RFP) issued by Xcel Energy. Juhl Wind helped the Adams group win its RFP at the same time that the Company helped the Danielson group win an identical contract with Xcel. Juhl is forecasting that the Adams Wind Farm will commence initial operations in the 4th quarter of 2010. Juhl Wind will continue to serve as the project’s developer and contractor.
“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,” stated Dan Juhl, CEO of Juhl Wind. “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. 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.”
“While we are very focused on the construction of our 2009 wind farm projects, we continue to win new business in partnership with our local owner groups like Adams,” added John Mitola, President of Juhl Wind. “Obviously, the new projects that we will be announcing will set the stage for our revenue growth in 2010 and beyond and we will provide more information as the detailed timeframes are formulated over the next few months.”
Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada. Juhl Wind pioneered community-based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms. To date, the Company has completed 14 wind farm projects and provides operations management and oversight across the portfolio.
Juhl Wind services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. With its acquisition of Next Generation Power Systems (“NextGen’), Juhl Wind now provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. Juhl Wind is based in Woodstock, Minnesota and is traded on the OTCBB under the symbol JUHL.OB. Juhl Wind Inc. has added retired U.S. Army Gen. Wesley Clark to its board of directors.