By Editors of Power Engineering
Juhl Energy announced it has sold its interest in wind portfolios and a subsidiary to ConEdison Development.
The sale includes 536 MW of wind projects in the Midwest and Juhl Energy Service Inc’s operating and maintenance services business. The unit currently supports ten different projects.
A sales price was not disclosed. CED and Juhl Energy will continue to co-develop projects over the next few years.
"Our ongoing focus will be centered on projects under 20 MWs, and specifically, the development of our standardized 5 MW wind/solar hybrid systems designed for rural communities and municipal electric companies,” said Dan Juhl, chairman and CEO of Juhl Energy. “In addition, through our engineering subsidiary, Power Engineers Collaborative, LLC, we are seeing a growing pipeline of wind, solar and combined heat/power projects in this same size range for industrial, college, and healthcare campuses. Finally, we expect to rebuild our asset ownership business with new acquisitions of renewable energy assets under 20 MWs across our areas of expertise."