Pipestone, MN - November 20, 2012 (Investorideas.com renewable energy newswire) Juhl Wind, Inc. (
OTCQB: JUHL),
the Leader in Community Wind Power is pleased to announce that it
recently formed a joint venture with Boulder, Colorado-based 8030
Companies with a focus on the acquisition of existing wind farms and
other clean energy assets across the United States and Canada. The joint
venture has conducted preliminary discussions with targeted owners of
existing wind farms in the upper Midwest and is now expanding its scope
across North America.
"We are excited to announce our joint venture with 8030 and to show
the wind industry how we are uniquely qualified to partner with and/or
acquire existing wind farms across North America," stated John Mitola,
President of Juhl Wind. "We are targeting projects that strongly align
with our core capabilities in the market - wind farms under 100
megawatts ("MWs"). Despite the tumultuous last 12 months in the wind
industry, Juhl Wind's business strategy has allowed the company to
remain stable and well-positioned for future growth. Juhl Wind is one of
the few companies outside of utility-based conglomerates that maintains
operations in every aspect of the clean energy industry – including
ownership, full-scale operations, maintenance, engineering, development
and financing. We bring our experience and investment discipline to bear
in the smaller end of the market where we are extremely competitive and
qualified to perform."
"8030 has worked with Juhl since late 2011. Juhl's experience,
talent and knowledge in the wind and clean energy space uniquely
positions them to provide a significant value proposition to clean
energy project owners facing post-warranty and second half operational
challenges," added John Brown, President of 8030 Companies. "Juhl brings
the operating expertise normally found in big companies to mid and
smaller-scale projects, but in a way that embraces their ‘Community
Wind' and ‘Community Scale' background and values. For existing owners
of wind farms and clean energy facilities under 100 MWs with an
operating history of six or more years, partnering with Juhl provides
the risk protection and financial certainty asset owners expect as their
equipment moves into the second half of its projected useful life. "
The joint venture operates under the Juhl Wind umbrella and is
particularly focused on wind farm assets approaching its 10th year of
operation, when the Production Tax Credit ("PTC") is about to expire and
when equipment may require upgrades and a level of operating care that
may not be available at the local level or by a large, conglomerate,
absentee owner. Juhl also looks to acquire or become a partner on any
projects where a local owner may be facing a "flip" and may prefer to
have a partner, like Juhl, who understands the unique issues facing
smaller wind farm assets.
"Industry
data
suggest that there is well over 6,000 MWs of wind farms under 50 MWs in
size presently operating in North America and obviously a significant
more amount available that exist under 100 MWs," added Corey Juhl, Vice
President of Development at Juhl Wind. "This data underscores the
tremendous scale of opportunity for both Juhl and 8030. Juhl's
partnership with 8030 Companies allows us to expand our reach beyond the
Midwest market and leverage Juhl's 25 years of experience in the wind
industry to expand our services and balance sheet to operating assets
and projects. "
About Juhl Wind, Inc.
Juhl Wind is an established leader in the renewable energy industry
with a focus on Community Based Wind Power development, ownership and
management 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 21
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,
construction management and system operations and maintenance. With its
consolidation of the Valley View, Winona County and Woodstock Hills
wind farms, the Company has now invested in and operates 21.7 MWs of
wind power through its independent power producer ("IPP") subsidiary,
Juhl Renewable Assets, Inc. Through its subsidiary, Juhl Renewable
Energy Systems, Inc. ("JRES"), the Company also provides full sales and
service
to smaller, on-site wind and solar projects in addition to our larger
Community Wind Farms. Now, with its acquisition of Power Engineers
Collaborative, Juhl provides a full range of engineering services to the
energy industry, building systems markets and heavy industry. Juhl Wind
is based in Pipestone, Minnesota and has offices in Chicago,
Minneapolis, Madison and Milwaukee. Juhl is traded on the OTCBB under
the symbol JUHL. Additional information is available at the Company's
website at www.juhlwind.com or by calling (507) 562-8090.
For more information, contact:
Juhl Wind Investor Relations
Jody Janson
Phone: (888) 438-JUHL (888-438-5845)
Email: jody@istockdaily.com
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 to differ materially
from those expressed in, or implied by, these forward-looking statements
and specifically those statements referring to any specific projects,
prospective acquisitions and wind farm assets mentioned herein. These
risks are referenced in Juhl Wind's current 10K or as may be described
from time to time in Juhl Wind's subsequent SEC filings; and such
factors as incorporated by reference.
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