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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Juhl Wind, Inc. To Install Wind Energy Facility For Honda Plant In Ohio

PIPESTONE, Minn., Jan. 28, 2013 /PRNewswire/ -- Juhl Wind, Inc., (OTCQB: JUHL), an established leader in the renewable-energy industry with a focus on Community-based Wind Power development, ownership and management, is pleased to announce an agreement with Honda Transmission Mfg. of America, Inc. to develop, install and operate two utility-scale wind turbines that will generate electricity for the plant in Russell's Point, Ohio.  

Juhl Wind is providing full development services along with construction management of the $8 million project, which is  scheduled  to be completed in 2013.  Juhl acquired the development asset from Boulder, Colorado-based NexGen Energy Partners in 2011, and Juhl is expected to take ownership in the project under its Juhl Renewable Asset subsidiary.  Juhl will be providing oversight of the construction and ongoing operation of the turbines.

Corey Juhl, Juhl Wind's vice president of Project Development comments, "We are very pleased and honored to partner with Honda on this industry-leading initiative. The Honda Wind Project represents a growing niche within our renewable energy development services, which includes installing 'behind the meter' wind and solar facilities for large industrial electricity users and corporate clients. Our goal is to continue to grow this sector of our business by providing quality development services to companies that are looking to utilize renewable energy at their planned or existing facilities."

Once the turbines begin operating later this year, the Honda transmission plant will be the first major automotive manufacturing facility in the United States to obtain a substantial amount of its electricity directly from wind turbines located on its property.  The turbines, with blades approximately 160 feet long, will be installed on 260-foot towers on Honda Transmission property, which is suited for a maximum of two wind turbines. 

An evaluation of the project shows that renewable energy from the two wind turbines will supply approximately 10 percent of the plant's electricity, while also reducing CO 2 emissions.  Studies commissioned by Honda Transmission indicate that wind-generated power is a cost-effective source of electricity for the plant, and that the project will not adversely impact local wildlife or the  environment.

Honda Transmission vice president Gary Hand said: "This is just one of many ways that Honda is seeking to reduce our environmental footprint, and we appreciate the experience and knowledge that Juhl Wind is bringing to this unique wind-generation project.  In our own ways, both Honda and Juhl are committed to reducing CO 2 emissions."

Globally, Honda has established voluntary goals to reduce the environmental impact of its products and manufacturing operations by 2020.  This includes a 30 percent reduction in CO 2 emissions from Honda products, and significant CO 2 reductions from the company's plants and other operations, compared with year 2000 levels.  To achieve these new environmental targets, Honda is accelerating its efforts to advance the environmental performance of its products and operations throughout its North American Region. 

There are hundreds of manufacturing facilities similar in size to Honda's transmission plant across the country that are candidates for alternative-energy resources such as wind and solar, Juhl said.  As a recognized industry leader and proven developer of over 237 MW's of wind power to date, Juhl is well positioned to acquire additional projects throughout the country to assist in the reduction of our manufacturing carbon footprint and the diversification of our national energy policy. 

Stock quotes in this article: HMC, JUHL 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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