(Source: Datamonitor)
US-based renewable energy developer Juhl Wind has announced the execution of a 20-year, 19.8MW power purchase agreement between Adams Wind Generations and Xcel Energy. The Adams Wind Generations project will be a community-owned and operated, wind-driven electrical energy generation facility with plans to utilize 12 large wind turbines at an estimated cost of approximately $46 million.
The Adams project is located in Meeker County in West Central Minnesota and will consist of a locally controlled limited liability company made up of Meeker County residents and a to-be-determined equity partner.
Juhl Wind has been assisting the local owners in the development of the project since the spring of 2008 and led the team to win a competitive request-for-proposal (RFP) issued by Xcel Energy.
Juhl Wind believes that the Adams wind farm will commence initial operations in the fourth quarter of 2010. Juhl Wind will continue to serve as the project's developer and contractor.
Dan Juhl, CEO of Juhl Wind, said: "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. 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."
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