Juhl Wind, Inc. Announces New $10 Million Community Wind Farm For Gundersen Lutheran Hospital
WOODSTOCK, Minn., Aug. 12 /PRNewswire-FirstCall/ -- Juhl Wind Inc. (OTC Bulletin Board: JUHL), the Leader in Community Wind Power, today announced the recent execution of a $10 Million wind project Development Agreement with GL Wind – a wind farm LLC formed by Gundersen Lutheran Hospital. Gundersen Lutheran Hospital is a leading teaching hospital consistently named among the top 100 in the nation, based in La Crosse, Wisconsin and serves patients located throughout western Wisconsin, northeast Iowa and southeastern Minnesota. The 5 MW-sized GL Wind, LLC project will be a community-owned and operated, wind-turbine electrical energy generation facility with an estimated cost of approximately $10 million.
The GL Wind project will be located in Southeast Minnesota and will consist of a locally controlled LLC made up of Gundersen Lutheran Hospital headquartered in La Crosse Wisconsin and an equity partner. Juhl Wind Inc. has been assisting Gundersen Lutheran in the development of the project since the Fall of 2009 and will now provide full-scale, development and construction oversight services for the project. Juhl is forecasting that the GL Wind Farm is planned to begin construction in the 4th quarter of 2010 and should be completed in 2011. The project will be funded by the GL Wind LLC.
"We are excited to move forward with Gundersen Lutheran Hospital on this Community Wind project," stated Dan Juhl, CEO of Juhl Wind. "This project is led by a leading institution, Gundersen Lutheran, in the La Crosse, Wisconsin region and is representative of other projects we see on the horizon for our business. When an institution like Gundersen Lutheran makes a commitment to clean energy and to lead the development of a community wind farm, it makes it so much easier to get a project financed and built. Yet again, this project is very representative of a new model for our small-to-medium sized wind farm business."
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 16 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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