Juhl Wind, Inc. Announces Startup Of Construction On A Community Wind System For Gunderson Lutheran Hospital
WOODSTOCK, Minn., Oct. 17, 2011 /PRNewswire/ -- Juhl Wind, Inc. (OTCBB: JUHL.OB), the Leader in Community Wind Power, today announced the recent startup of construction on the GL Wind LLC wind power system located in Lewiston, Minnesota. Juhl Wind is serving as the developer and construction manager for the community wind farm estimated to cost approximately $10 million.
"The GL Wind project represents the 7th community wind project we have constructed in the past 2 years," stated Corey Juhl, Vice President of Development for Juhl Wind, Inc. "We think this level of activity is pretty much unmatched in the industry and is a direct result of the vast experience and credibility of our Juhl team. We are extremely proud of this track record and of our service to such important clients like Gunderson Lutheran."
GL Wind LLC is a community wind partnership made up of Gundersen Lutheran Hospital and a local investment partner. Juhl Wind has been working with GL Wind LLC for the past year and a half to move the project through the various development stages in order to get to the construction phase. The GL Wind system will utilize two Clipper Windpower C96 wind turbines with a nameplate capacity of 2.5 MWs each. The turbines will be operated at a combined capacity of 4.95 MW in order to meet distributed generation requirements established by MISO. Juhl is coordinating contractor activities, turbine supply and commissioning during the construction phase. Once completed, the GL Wind system is expected to generate approximately 14 million clean energy kWhs per year.
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 the Woodstock Hills wind farm in April of 2011, the Company now owns and operates a 10.2 MW wind farm. Through its Next Generation Power Systems subsidiary ("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.OB. 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)Fax: 585-232-5457Email: firstname.lastname@example.org FORWARD LOOKING STATEMENTS This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Juhl Wind's current expectations about its future results, performance, prospects and opportunities. Juhl Wind has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Juhl Wind and are subject to a number of risks, uncertainties and other factors that could cause Juhl Wind's actual results, performance, prospects or opportunities in the remainder of 2011 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements and specifically those statements referring to any specific projects, prospective acquisitions and wind farm assets mentioned herein. New projects are subject to large, third party risks that may not be in control of Juhl Wind including the timing of funding and actual construction. While new wind farms noted from time to time are large-scale construction projects, Juhl Wind may not be the primary contractor for the provision of certain services, as it is in certain of its other projects. These risks are referenced in Juhl Wind's current 8K or as may be described from time to time in Juhl Wind's subsequent SEC filings; and such factors as incorporated by reference. SOURCE Juhl Wind, Inc.
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