This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Juhl Wind Secures Financing And Continues Construction On $21.7 Million Valley View Wind Farm

WOODSTOCK, Minn., March 28, 2011 /PRNewswire/ -- Juhl Wind, Inc. (OTC Bulletin Board: JUHL), the Leader in Community Wind Power, today announced the recent securing of construction and term debt financing, along with the ongoing construction of the Valley View Wind Farm located near the Company's headquarters in Southwestern Minnesota.  The Valley View Project is a 10 MW facility that is estimated to cost approximately $21.7 million dollars.  Juhl Wind has been serving as the developer and construction manager on the project, which will utilize 5 Gamesa G87 wind turbines.  The Company was successful in arranging construction financing along with the term loan on behalf of the Valley View LLC.  The project is expected to be completed in the Spring of 2011.  

"We are pleased with our ongoing progress on the Valley View Wind Farm," stated Dan Juhl, CEO of Juhl Wind, Inc.  "As we have stated in other project announcements, our ability to move projects forward in the face of a difficult market for project financing, is a testament to our credibility and to the success of our underlying business structure for these projects.  We are making rapid progress on this project and look forward to completing construction, successfully commissioning the facility and rounding out the remaining financing.  Given the fact that the term loan mechanism is in place and that the project provides solid returns to equity investors, we are confident we will complete the equity raise this Spring.  We have several equity investors evaluating the project for their portfolio."  

Juhl Wind first announced the development of the Valley View Wind Farm in the early part of 2009 and began construction in October 2010.   Like many other Juhl projects, the Valley View system will sell the clean wind energy to Xcel Energy under the terms of a 20 year, 10 MW Power Purchase Agreement.  The wind farm incorporates one of Juhl Wind's "Community Wind" structures in which ownership is shared with the local residents and farmers who own the land upon which the project is located.  While Juhl has successfully arranged the construction and term loan framework for the project, the Company is in the process of raising the remaining $5.1 million of equity required.  

"Our ongoing progress on Valley View comes on the heels of our recent announcements of the completion of our Adams and Danielson wind project," added Juhl Wind, Inc. President John Mitola.  "As we have explained to the market, Valley View is another important element of the handful of wind farms we have been able to build almost simultaneously.  Combined with our recently announced completion of Grant County, Adams and Danielson wind farms, these four projects represent just over $140 million in project work we have been able to execute in the past year or so –  which cumulatively have a significant impact to our bottom line financial results in 2011."

Juhl Wind plans to post construction videos of the work underway at the Valley View Wind Farm in upcoming days.  The video will be posted on the homepage of Juhl Wind's website at www.juhlwind.com.

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 18 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 also 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'.  Additional information is available at the Company's website at www.juhlwind.com or by calling 877-584-5946 (or 877-JUHLWIN).  

Follow Juhl Wind, Inc. on Facebook HERE!

Juhl Wind Investor Relations Jody JansonPhone: (888) 438-JUHL (5845)Email: jody@istockdaily.com

FORWARD LOOKING STATEMENTS

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs