Juhl Wind Expands Wind Farm Service & Maintenance Business
WOODSTOCK, Minn., March 18 /PRNewswire-FirstCall/ -- Juhl Wind Inc. (OTC Bulletin Board: JUHL), the Leader in Community Wind Power, today announced today that the Company's wholly-owned service subsidiary recently added a contract to provide the full operations and maintenance to the Woodstock Hills wind farm located in Woodstock, Minnesota. The Woodstock Hills wind farm is owned by a community-based, joint venture LLC with Edison Mission Energy, the lead institutional equity partner.
"The addition of the Woodstock Hills service business is something we had planned for after the turbine warranty period expired," stated Dan Juhl, CEO of Juhl Wind. "When we develop wind farms, we always plan to provide the operations and administrative services on a long-term basis. In our newly developed wind farms, we are also adding long-term contracts for the system maintenance. All of these service contracts ensure the long-term integrity of the wind farms for our farmer-owner groups while providing Juhl with predictable, annual revenue streams. This contract represents about a 20% increase to our existing service business."
The Woodstock Hills wind farm was developed by Juhl Wind years ago and represents one of the first community wind farms built in the U.S. The wind farm is located near Juhl's headquarters in Woodstock, MN. The system includes 17 Vestas V-44 turbines that have been in operation for approximately 10 years.
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. 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. Additional information is available at the Company's website at www.juhlwind.com or by calling 877-584-5946 (or 877-JUHLWIN). FORWARD LOOKING STATEMENTS
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