Juhl Wind, Inc. recently announced the official commercial operation and its acquisition of the $22 million Valley View Wind Farm located near the company's headquarters in Chandler in the southwestern part of the state.
The Valley View Project is a 10 MW facility that utilizes 5 Gamesa G87 wind turbines and is providing the clean, renewable energy to Xcel Energy through a long-term, power purchase agreement. The project involves key investment partners to Juhl Wind, including the Geo Investors Fund, as well as the ownership participation of local owners under Juhl's classic community wind structure.
"We are extremely proud to announce the completion and startup of our Valley View Wind Farm. This is now the sixth wind farm project we have completed in the past 24 months totaling over $150 million in project value," said Dan Juhl, chairman and CEO of Juhl Wind, Inc. "This phase has included the Adams, Danielson, Grant County, Winona County, Woodstock Municipal and Valley View wind projects. We have fully developed, managed construction and brought these projects into full service over the past two years."
"We are very pleased to make our first investment of $2 million as a partner with Juhl Wind in the Valley View Wind Farm," said William Fitzgerald, managing director and chief investment officer of Global Infrastructure Asset Management, the manager of the Geo Investors Renewable Infrastructure Fund I, LP. "Our Geo Investors Fund provides mezzanine capital financing to mid-sized infrastructure projects that produce renewable energy. The consolidation in the banking system during the last three years has caused a shortage of capital to finance renewable infrastructure projects that are not only commercially viable, but also necessary and important to communities that seek to independently source energy and to sustain their environments."
Juhl Wind develops and manages community based wind power 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.
Additional information is available at the Company's website at www.juhlwind.com or by calling 877-584-5946 (or 877-JUHLWIN).
Source: Juhl Wind Inc.