October 14, 2008
Juhl Wind Announces New Project for Abilene Christian University
Juhl Wind Inc. (OTCBB: JUHL), the Leader in Community Wind Power, today announced that it recently entered into a feasibility study agreement with Abilene Christian University to study the potential development of an initial 3 megawatt wind project with the potential to grow to a larger wind farm. Abilene Christian is located in Abilene, Texas and was named one of "America's Best Colleges for 2008" by U.S. News and World Report.
"We are very excited about entering this agreement with Abilene Christian University," stated Dan Juhl, CEO of Juhl Wind. "The Abilene Christian project is part of a handful of growing college and university projects we see as a significant growth area of our business. Given our experience with smaller wind farm projects, we believe our team is uniquely qualified to assist colleges and other campus style projects like universities and medical centers."
"We are finding colleges and universities have a deep commitment to cutting their own greenhouse gas emissions and the installation of a small wind farm project is a perfect way to provide them with a significant jump start on that goal," continued Juhl. "We are taking steps to solidify our own turbine supply network to be able to move quickly on these smaller projects and we expect to be announcing some of those measures in the near future."
"The addition of the Abilene Christian project brings our total announced project count to 20 as of today," added John Mitola, President of Juhl Wind. "As we have stated before, we expect strong growth in the college and university market and we are actively working on other projects as well. Our 20 projects under various phases of development currently total approximately 430 megawatts of wind power."
"The feasibility study agreement is the first phase of any wind project we develop," added Dan Juhl. "While there are a handful of steps in any development process, we only take on feasibility studies if we are confident that the key elements exist for a successful project."
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 to operations and maintenance. 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.