Source: Juhl Wind, Inc.
Juhl Wind, Inc. (OTCBB: JUHL), the Leader in Community Wind Power, announced the recent completion of construction and official commercial operation date of another utility scale wind project in Meeker County, MN near the city of Atwater. The Danielson Wind Project (19.8 MW) cost approximately $42 million and was completed on time and under budget. This facility was built in conjunction with the Adams Wind Project (19.8 MW), also located in Meeker County, MN. Juhl Wind served as the developer and owner's representative for the construction phase for both of the two projects.
Juhl Wind first announced the development of the Danielson Wind Project in December 2009 and subsequently announced the startup of construction in October 2010. The Danielson Project will consist of 12 Alstom ECO 86 Wind Turbines and will sell the clean energy to Xcel Energy under the terms of a 20 year, 19.8 MW Power Purchase Agreement. The wind farm incorporates one of Juhl Wind's "Community Wind" structures in which ownership is shared with the local residents and farmers who own the land that the project is located on.
"We are very pleased with the startup and initial operation of the Alstom ECO 86 wind turbines and expect a very solid long-term operation," stated Dan Juhl, CEO of Juhl Wind, Inc. "For Juhl as a company, Danielson is one of six projects we have been developing and constructing in the past couple of years. We recently announced the sale of our 20 MW Grant County wind farm, completion of the Adams Wind Project and we expect to wrap up our other projects in the next few months. Taken together, we believe this group of projects will result in very strong financial performance for our company in 2011 and will put us in a very strong position for the next few years of our growth."
"We appreciate the opportunity to work with Dan Juhl and his team in order to bring the proven performance and environmental benefits of Alstom's technology to this project." Andy Geissbuehler, Vice President and General Manager Alstom Wind Business North America.
"As we have pointed out in our last couple of announcements, the Danielson project represents the success we have had in moving 6 major project forward in the past couple of years," added Juhl Wind, Inc. President John Mitola. "In spite of the 2008 recession, we found a way to move almost $150 million in projects forward and we are pleased we are beginning to see the financial results and the project outcomes we targeted at the outset. We believe this level of performance puts Juhl into a class by itself when compared to other independent developers of wind power."
Juhl Wind completes 19.8MW Danielson wind farm in Minnesota
Source: Juhl Wind, Inc.