WOODSTOCK, Minn., Oct. 6 /PRNewswire/ -- Juhl Wind, Inc. (OTC Bulletin Board: JUHL), the Leader in Community Wind Power, today announced that it recently began construction on the 1.5 MW wind system for Winona County, MN. The project will cost approximately $3.6 million and is expected to be completed by the end of 2010. The Winona County project is one of the first sites in North America to utilize two Unison, direct-drive wind turbine generators – a leading technology based on an advanced, gearless system.
"The Winona County construction is the first of a handful of projects we will be building in the second half of 2010 and early part of 2011," stated Dan Juhl, CEO of Juhl Wind. "This project represents a rapidly growing area of our business where we develop wind systems for local communities, and institutions like hospitals, colleges and universities. These customers recognize that we have the knowledge and capabilities to get these smaller projects built quickly and put into service. The startup of construction was made possible by our ability to put together a win-win, financial structure that worked for our trading partners and the community."
"We expect all of the revenue from the Winona project to be recognized in 2010," added John Mitola, President of Juhl Wind. "Winona is one of the initial but important pieces of our revenue puzzle for this year. We will be providing more news in the near future on our other 2010 projects as we initiate construction."
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 16 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 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).
For more information contact:
Juhl Wind, Inc.
Phone: (888) 438-JUHL (5845)
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 2010 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 10K or as may be described from time to time in Juhl Wind's subsequent SEC filings; and such factors as incorporated by reference.
SOURCE Juhl Wind, Inc.