Juhl Energy Team Selected to Lead Development of $5.5 Million Wind Energy Project at Tooele Army Depot near Salt Lake City, Utah Company Part of Team Awarded $5.5 Million Contract From U.S. Army Corps of Engineers
PIPESTONE, Minn., July 21, 2014 /PRNewswire/ -- Juhl Energy, Inc. (OTCQB: JUHL, the "Company"), a leading provider of Clean Energy Solutions and the Leader in Community Wind Power, is pleased to announce today that the U.S. Army Corps of Engineers Sacramento District has awarded a $5.5 million contract to the team of Juhl Energy, Inc. (MN.), Aegis Renewable Energy (VT.), and Icenogle Construction Management Inc. (CA.) for the development, construction and installation of a 1.5 - 2 megawatt wind turbine at the Tooele Army Depot near Salt Lake City, Utah. Juhl Energy will act in the capacity of the lead design and installation developer and subcontractor.
"We are very excited to be involved with the Tooele Wind Project. This contract award underscores the US Army's commitment to reducing its carbon footprint and enhancing energy security," stated Corey Juhl, vice president of development for Juhl Energy. "Like the U.S. Armed Services, we are seeing several large industrial and commercial energy users that are looking to become more energy independent, while saving money at the same time. In most cases, the installation of an on-site renewable energy project such as wind, solar or co-generation is a great way for a large energy user to lock in the bulk of their energy costs for many years."
The Tooele Army Depot supports Warfighter readiness through superior receipt, storage, issue, demilitarization and renovation of conventional ammunition and the design, manufacture, fielding and maintenance of ammunition peculiar equipment for the Army, Air Force and Navy facilities in the western United States and much of the Pacific Rim.
The Tooele Army Depot Wind Project is currently in the development stage and is scheduled to break ground sometime in late 2014 or early 2015. When completed, it is expected that the wind project will provide enough energy to power 400 to 500 homes.
ABOUT JUHL ENERGY, INC.
Juhl Energy is an established leader in the renewable energy industry with a focus on competitive, clean energy solutions and community-based wind power development, ownership and management throughout the United States and Canada. Juhl Energy pioneered community-based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms in rural America. To date, the Company has completed 24 wind farm projects totaling 240 MW and provides operations management and oversight across the portfolio. Juhl Energy services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. Juhl Energy also provides a broad range of clean energy solutions.
Juhl Energy operates three primary business segments: renewable energy development, renewable power plant ownership, and energy and telecommunications services. Through its Juhl Energy Development Inc. (JEDI) subsidiary, the Company provides medium and large-scale wind, solar, and cogeneration energy development services. With its acquisitions of the Iowa projects mentioned above, Valley View, Winona County and Woodstock Hills wind farms; the Company now owns and operates 25 MWs of wind power through its renewable power subsidiary, Juhl Renewable Assets, Inc. (JRAI). Through its third subsidiary, Juhl Energy Services, Inc. (JESI), and its acquisition of Power Engineers Collaborative, Inc., the Company provides a full range of engineering services to the energy industry, building systems markets, and heavy industry. JESI also provides full sales and service to smaller, on-site wind and solar projects through its Juhl Renewable Energy Systems division. JESI leverages the Company's deep experience with wind towers to also provide cell and radio tower services through its Juhl Tower Services division. Juhl Energy is based in Pipestone, Minnesota and has offices in Chicago, Minneapolis, Madison and Milwaukee. Juhl Energy is traded on the OTCQB under the symbol 'JUHL'. Additional information is available at the Company's website at www.juhlenergy.com or by calling (507) 562-8090.
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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 Energy's current expectations about its future results, performance, prospects and opportunities. Juhl Energy 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 Energy and are subject to a number of risks, uncertainties and other factors that could cause Juhl Energy'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, and transactions mentioned herein. These risks, as may be described from time to time in Juhl Energy's SEC filings, are incorporated herein by reference.
SOURCE Juhl Energy, Inc.