Nov. 3, 2009 (PR Newswire) --
WOODSTOCK, Minn., Nov. 3 /PRNewswire-FirstCall/ -- Juhl Wind Inc. (OTC Bulletin Board: JUHL), the Leader in Community Wind Power, today announced the recent execution of a 20-year, 19.8 MW Power Purchase Agreement between Danielson Wind Farms, LLC and Xcel Energy, the electric utility based in Minneapolis, MN. The Danielson Wind Farms, LLC Wind project will be a community-owned and operated, wind-driven electrical energy generation facility with plans to utilize twelve large wind turbines at an estimated cost of approximately $46 million.
The project is located in Meeker County in West Central MN. It will consist of a locally controlled LLC made up of Meeker County residents and a to-be-determined tax 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. The Danielson Wind Farms, LLC wind project is proposing an online date in the 4th quarter of 2010. Juhl Wind will continue to serve as the project's developer and contractor.
"The progression of the Danielson Wind Farms, LLC wind project is representative of the strong demand in the market for Community Wind farms," stated Dan Juhl, CEO of Juhl Wind. "Since going public with our increased awareness, we are receiving regular inquiries from groups of local owners like the good folks that make up the Danielson group. This is exactly what we hoped for when we went public at the end of June 2008. 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 Danielson," 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."
About Juhl Wind Inc.
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.
