Juhl Energy (OTCQB: JUHL), which historically has focused on community wind power development, management and ownership throughout the United States, has a number new wind projects in the works.
“The primary focus of our wind power development business has been to build 5 MW to 80 MW wind farms jointly owned by local communities, farm owners, environmentally-concerned investors, and our Company,” said Juhl Energy in its April 3 annual Form 10-K report. “The wind farms are connected to the general utility electric grid to produce clean, environmentally-sound wind power. Our development of community wind power systems generally results in landowners owning a portion of the long-term equity in the wind farm that resides on their land. We pioneered community wind power systems in developing the currently accepted financial, operational and legal structure providing local ownership of medium to large scale wind farms.
“Since 1999, we have completed 24 wind farm projects, accounting for approximately 260 MW of wind power that currently operate in the Midwest region of the United States (which are over approximately $510 million in value), and we provide operation management and oversight to wind generation facilities generating approximately 88 MW, through our subsidiary, Juhl Energy Services. Currently, we have 21 projects in various stages of development with an aggregate wind power generating capacity of approximately 445 MW (4 of which we are actively developing with an aggregate wind power generating capacity of approximately 176 MW and 17 of which are mid to early stage wind development opportunities, which includes projects undergoing feasibility analysis, with an aggregate wind power generating capacity of approximately 269 MW). The 21 wind farm projects, all of which are onshore type projects, are located in the United States and make up our development pipeline.”
During the past 18 months, Juhl Energy said it has achieved several significant milestones, including:
- In September 2013, Juhl Energy Development entered into a co-development agreement for the Purdue Energy Park development project to construct a 20-MW wind project in conjunction with Purdue University. Initial construction has commenced and the project is currently reviewing its interconnection cost requirements and the impact on the power sale rate before moving forward with additional physical project activity.
- Juhl Energy Development was selected as development partner for the state of New York’s first community wind project, the Black Oak Wind Project, which is a proposed 11.9-MW facility. Construction is currently scheduled for completion during 2015.
- In January 2014, Juhl Energy finalized installation and began operation of two wind turbines at the Honda Transmission Manufacturing of America plant in Russells Point, Ohio. This is a $9 million on-site 3.4-MW wind project, which supplies approximately 10% of the plant’s electricity. Honda is the first major automotive plant to obtain a portion of its electricity generated from wind turbines located on its property.
- In August 2014, Juhl Renewable Assets completed a $4.3 million acquisition of two operating wind farms in Iowa, with aggregate electricity generation capacity of 3.2 MW, and bringing total owned and operated wind farm assets to over $30 million for Juhl Renewable Assets.
- In December 2014, Juhl Energy collected a $1.5 million development fee from development support services work by Juhl Energy Development related to a wind farm in South Dakota, which is comprised of eleven wind turbines with a combined capacity of approximately 20 MW that began commercial operations in late 2014.