WOODSTOCK, Minn. - (Business Wire) Juhl Wind Inc. (OTCBB: JUHL), the Leader in Community Wind Power, today announced that it recently entered into a feasibility study agreement with a group of local owners to study and develop an estimated 6 megawatt Community Wind farm in Wilkin County, Minnesota. The project incorporates 7 local farmer owner/partners and is located approximately 6 miles southeast of Breckenridge, Minnesota. “We are very excited about entering this agreement with the Sunny Side Wind farm owners,” stated Dan Juhl, CEO of Juhl Wind. “The Sunny Side is part of a group of projects we have been developing in Minnesota and other portions of the Midwest that reflect our strategy to focus on more numerous, but slightly smaller wind farms in order to accelerate the development timeline and transmission interconnection process.”
“Sunny Side is very representative of the types of projects we have been adding to our pipeline recently,” continued Juhl. “We are finding that local owners are really beginning to understand the significant economic benefits provided by “Community Wind” and as a result, we are garnering more and more interest on an ongoing basis. We are in the process of initiating a handful of other projects similar to Sunny Side. Given our experience with small wind farms, we are in an excellent position to move these projects through the development process relatively quickly.”
“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 14 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 acquisition of Next Generation Power Systems, Juhl Wind now provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. 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 2009 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, 10K and 10Qs as filed or as may be described from time to time in Juhl Wind’s subsequent SEC filings; and such factors as incorporated by reference.
Juhl Wind Investor Relations
Jody Janson, 888-438-JUHL (5845)
iStockDaily, Inc.
Fax: 585-232-5457
Email: jody@istockdaily.com
