Juhl Wind Announces Initial Stages of Three New Wind Farm Projects
Posted on: Wednesday, 20 August 2008, 12:00 CDT
Juhl Wind Inc. (OTCBB: JUHL), the Leader in Community Wind Power, today announced three new wind farm projects recently started with owner groups in various regions of Minnesota. Feasibility study agreements were recently signed with a group of owners in Thief River Falls, MN (a potential 20 MW project) and with the St. Peter Regional Treatment Center, St. Peter, MN (up to a 5 MW project). A feasibility and development agreement was signed with a group of farmer owners for a 5 to 10 MW project in Granite Falls, MN.
"We are very enthusiastic about the prospects of these projects in Granite Falls, St. Peter and Thief River Falls," stated Dan Juhl, CEO of Juhl Wind. "With the addition of these three projects, we are now actively working on approximately 19 projects in some stage of development. The addition of these projects is very representative of our process - we sign initial agreements and then move along the development cycle with our local owner groups over a normal course of time until we construct and commission a wind farm. While all of these projects take some time to develop, we have a good idea of their potential success before we ever sign initial agreements."
"Adding 3 projects in the last couple of months is also representative of the strong demand in the market for Community Wind farms," added Dan Juhl. "Since going public with our increased awareness, we are receiving regular inquiries from groups of local owners - almost on a daily basis. This is exactly what we hoped for when we went public at the end of June. We want our friends in rural America to know that they don't have to turn their land over to large wind developers. Instead, they can work with us and own their own wind farm and keep a much larger share of the economic benefits for themselves and their neighbors."
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 11 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 and construction management. 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
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 2008 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. 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: Business Wire
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