Showing posts with label JUHL. Show all posts
Showing posts with label JUHL. Show all posts

Wednesday, April 4, 2012

Juhl Wind (OTCBB:JUHL) Reports Total revenue for the year increased 148% in 2011

Juhl Wind (OTCBB:JUHL)  Reports Total revenue for the year increased 148% in 2011Palm Beach, FL 4/4/12 (StreetBeat) – Wind stock investor alert; Juhl Wind Inc. (OTCBB: JUHL), the Leader in Community Wind Power, today announced its results for the year ended December 31, 2011. The Company posted record revenue and net income results for fiscal year 2011 driven by their continued success in the development and construction of community wind farms. Total revenue for the year increased 148% to $15,578,000 and net income increased 269% to approximately $3,042,000 catapulting the Company to its first ever, full-year positive income results.

"We are obviously very proud of our results for 2011, a year that was truly historic for our company,” stated Dan Juhl, Chairman and CEO of Juhl Wind Inc. "Our financial performance was a direct result of our ability to fully develop, arrange financing for and complete construction on seven major wind projects during a very difficult time in our economy, and for the wind industry. We believe these results underscore Juhl Wind’s leading position in the renewable energy industry. The completed energy projects include Adams, Danielson, Grant County, Gundersen Lutheran, Valley View, Winona County and Woodstock Municipal. In addition to the completion and startup of these projects, we also retained ownership of Winona and Valley View increasing our position as an owner/operator of wind power and significantly strengthening the asset base of our balance sheet.”

“During 2011, we purchased the existing Woodstock Hills wind farm and took ownership of our newly developed Winona County and Valley View projects,” added John Mitola, President of Juhl Wind Inc. “Through these acquisitions, we have added $20.7 million of wind farm fixed assets. Our decision to become the owner and operator of these three wind farms is consistent with our stated plan that we will continue to add renewable assets to our balance sheet on an ongoing basis. We hope to make additional progress in this area in 2012 through our attempted acquisition of additional existing wind farms, or new projects that we plan to develop in the second half of the year. We wrapped up 2011 with excellent results represented by a combination of increased revenue and earnings, higher balance sheet cash and significantly greater assets.”

Results for the twelve-month period ended December 31, 2011:

• Total revenue increased by approximately $9,310,000, or 148.5%, from approximately $6,268,000 for the year ended December 31, 2010, to approximately $15,578,000, for the year ended December 31, 2011. The increase in revenue over the year ended December 31, 2010 is primarily attributable to wind farm development fee revenue earned from five wind farm projects that completed construction and financing arrangements during 2011.

• Our operating income increased by approximately $7,634,000, or 278.0%, from an operating loss of approximately $2,746,000 for the year ended December 31, 2010 to operating income of approximately $4,888,000 for the year ended December 31, 2011. The increase in operating income for the year ended December 31, 2011 is primarily attributable to the increase in development fee revenue of $8,033,000 earned from the completion of five wind farm developments.

• Net income increased by approximately $4,842,000, or 269.0%, from a net loss of approximately $1,800,000 for the year ended December 31, 2010 to approximately $3,042,000 for the year ended December 31, 2011. The increase in net income over the period ended December 31, 2011 is largely attributable to the increase in revenue sources noted under revenue and operating income sections above.

• Basic and diluted net income per share of $0.12 per common share for 2011 compares to the ($0.10) loss per common share for 2010.

• As of December 31, 2011, the Company reported it held approximately $6.2 million in the form of cash accounts and short term investments, which includes approximately $382,000 in balances that are restricted by a debt covenant. Our liquidity position was significantly enhanced through generating $5.5 million in Cash flow from Operating Activities.

• During 2011, we made equity investments in three wind farms totaling 21.7 MW for a combined investment of approximately $2.3 million. We had not previously owned any wind farms prior to 2011.

A full analysis of results for the period ended December 31, 2011 is available in the Company’s Form 10-K, which is available on the Company’s website at www.juhlwind.com or through the Securities and Exchange Commission’s Edgar database at www.sec.gov.

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 21 wind farm projects totaling 195 MW 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 consolidation of the Valley View, Winona County and Woodstock Hills wind farms, the Company has now invested in and operates 21.7 MWs of wind power through its independent power producer ("IPP") subsidiary, Juhl Renewable Assets, Inc. Through its Juhl Renewable Energy Systems, Inc. (“JRES”) and Next Generation Power Systems subsidiaries ("NextGen"), Juhl Wind also 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 Pipestone, Minnesota and is traded on the OTCBB under the symbol “JUHL”. Additional information is available at the Company's website at www.juhlwind.com or by calling 877-584-5946 (or 877-JUHLWIN).

Juhl Wind Investor Relations
Jody Janson
Phone: (888) 438-JUHL (5845)
Fax: 585-232-5457
Email: jody@istockdaily.com

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," "plans," "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 to differ materially from those expressed in, or implied by, these forward-looking statements and specifically those statements referring to the projects mentioned herein. New projects are subject to large, third party risks that may not be in control of Juhl Wind including the timing of funding and actual construction. 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.


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Thursday, January 26, 2012

Juhl Wind (OTCBB: JUHL) Announces 7th Wind System Completed in Past 24 months

Juhl Wind (OTCBB: JUHL) Announces 7th Wind System Completed in Past 24 monthsTallahassee, FL. 1/25/12 (StreetBeat) -- Wind stock news alert: Juhl Wind, Inc. (OTCBB: JUHL), the Leader in Community Wind Power, yesterday announced the official commercial start-up and operation of the two turbine project for Gundersen Health System in Winona County, MN. The 4.95 megawatt project (the "GL Wind project") is the first-of-its-kind in North America to be constructed specifically to address the energy concerns of a large regional health organization, in this case, Gundersen Health System.

"This unique wind project represents the continued activity by Juhl over the past two years and highlights our strength and diversity in the community wind energy market," stated Corey Juhl, Vice President of Development for Juhl Wind Inc. "We are seeing an increased demand for large commercial and industrial organization projects such as Gundersen's as they fit extremely well within Juhl Wind's area of expertise. This community-based project will provide significant economic benefits to the region. As one piece of their Envision program, the wind farm project will help Gundersen Health System achieve their goal of becoming 100% energy independent by 2014."

"This is an exciting time for Gundersen and our Envision program. This community wind project we have done with Juhl Wind was about two years in the making, and we're happy to report that the turbines are now creating energy," said Jeff Rich, executive director, GL Envision, LLC.

Rich added, "As a healthcare organization, it is important for us to lead by example. Creating renewable energy through programs, like the GL Wind project in Lewiston makes good business sense, creates local jobs during construction and ties directly to our mission of improving the health of the communities we serve. The money we generate from renewable energy projects, like the wind farm, and the money we save through energy conservation can be passed on to patients in the form of lower healthcare costs. The renewable energy projects are also allowing us to improve our environmental footprint in the communities we serve."

About Juhl Wind, Inc. (OTCBB: JUHL)
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 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. With its consolidation of the Valley View, Winona County and Woodstock Hills wind farms, the Company has now invested in and operates 21.7 MWs of wind power through its independent power producer ("IPP") subsidiary, Juhl Renewable Asset, Inc. Through its Next Generation Power Systems subsidiary ("NextGen"), Juhl Wind also 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 Pipestone, Minnesota and is traded on the OTCBB under the symbol JUHL. 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 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 mentioned herein. New projects are subject to large, third party risks that may not be in control of Juhl Wind including the timing of funding and actual construction. While new wind farms noted from time to time are large-scale construction projects, Juhl Wind may not be the primary contractor for the provision of certain services, as it is in certain of its other projects. 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.


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Thursday, January 19, 2012

Juhl Wind (OTCBB: JUHL) Selected as Development Partner for Upstate NY's Black Oak Wind Project

Juhl Wind (OTCBB: JUHL) Selected as Development Partner for Upstate NY's Black Oak Wind ProjectTallahassee, FL 1/19/12 (StreetBeat) -- Juhl Wind, Inc. (OTCBB: JUHL), the Leader in Community Wind Power, today announced the signing of a Development Services Agreement with the Black Oak Wind Farm located near Ithaca, NY. The project is a proposed 15 to 30 MW facility with expectation of the project being online during the third quarter 2013. Juhl Wind will be serving as a development partner for the project.

"We are very excited to be expanding our development services outside of the Midwest region. The Black Oak Wind Farm is made up of a group of highly motivated individuals who are looking to bring the Ithaca area its first utility scale Community Wind project and we are honored to have been selected to assist them in doing so," stated Corey Juhl, Vice President of Project Development for Juhl Wind, Inc.

The Black Oak Wind Farm has also teamed up with Val-Add Service Corporation, a South Dakota project management company, whose recent success includes structuring and coordination of a 10.5 MW community-owned wind project in Central South Dakota. "It is exciting to bring to New York a business structure that has worked so successfully for a similar community-owned wind project in South Dakota," said Brian Minish, President of Val-Add Service Corp. "We are also very excited to be working on our first project with Juhl Wind and hope that it is the first of many to come."

"The Black Oak Wind Farm represents a new wrinkle in our development strategy here at Juhl. With the current transmission uncertainty in the Midwest we are actively looking to diversify our development portfolio by adding projects throughout North America and in regions that generally experience higher electric rates," added Juhl Wind President John Mitola. "In addition, partnering with the Val-Add team will give this project a unique opportunity to maximize the amount of local ownership and economic development to Tompkins County."

"We are very pleased to be working with such experienced partners as Juhl Wind and Val-Add Service," said Peter Bardaglio, President of Black Oak Wind Farm, LLC. "Not only do they understand the importance of this project being financially successful but also how to make sure we contribute to the well being of the local economy," Bardaglio added.

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Thursday, November 17, 2011

Juhl Wind (OTCBB: JUHL) Trades Up on News of 276% Increase in Third Quarter Revenue

Juhl Wind (OTCBB: JUHL) Trades Up on News of 276% Increase in Third Quarter RevenueTallahassee, FL 11/17/11 (StreetBeat) -- Investorideas.com, a leader in renewable energy stock research, releases a trading and news alert for wind stock, Juhl Wind Inc. (OTCBB: JUHL).

As oil prices top the $100 barrel mark once again , investors that follow renewable energy stocks are looking for the winners within the sector. Following some major disappointments in solar stocks and the headlines of the Solyndra failure, a wind stock that is growing in revenue, net income and cash is gaining investor attention.

Juhl Wind’s stock closed up 5% at $0.63 in Wednesday’s trading session following Tuesday’s news.

Juhl Wind, Inc. Reports Third Quarter 2011 Financial Results, Revenue Up 276%

Nine Months Revenue Increases over 245% from 2010, Company Holds Over $6 Million in Cash


Juhl Wind Inc. (OTCBB: JUHL), the Leader in Community Wind Power, reported Tuesday its results for the third quarter of 2011. Revenue for the third quarter 2011 was $3,259,000 compared to $867,000 in the third quarter of 2010, or an increase of 276%. In addition, for the nine months ended September 30, 2011 , the Company posted a record $10.9 million in revenue and $2.4 million in net income. Juhl Wind also reported continued growth in its cash position due to development fees, ending the first nine months of 2011 with approximately $6 million in cash.

"We are very proud of our results through the third quarter of 2011 as we continue a historic year for our company," stated Dan Juhl , Chairman and CEO of Juhl Wind Inc. "Our financial results are a direct result of our work on six major wind projects during a very difficult time in our economy – which we believe is direct evidence of Juhl Wind 's leading position in the energy industry. These projects include Adams , Danielson, Grant County , Valley View, Winona County and Woodstock Municipal. We have fully developed, managed construction and brought most of these projects into full service over the past two years and will be wrapping up work on all of them in the last quarter of this year."

"When combined with our previous experience, these projects bring our total project count to 20 wind farms – a level reached by few independent firms in this sector," added John Mitola , President of Juhl Wind . "Our performance in the face of such a difficult environment speaks for itself and we are confident that these results create a very strong base for our future growth."

Results for the nine-month period ended September 30, 2011 :

* Revenue for the first nine months of 2011 was $10,937,000 compared to $3,170,000 for 2010, or an increase of $7,767,000 , or 245%. Revenue for the third quarter 2011 was $3,259,000 compared to $867,000 in the third quarter of 2010, or an increase of 276%. The increase in revenue for the nine months ended September 30, 2011 is primarily attributable to approximately $5.0 million of wind farm development fee revenue from three wind farm projects that completed financing arrangements during 2011 and approximately $1.7 million in revenue from the sale of our development rights in the Crofton Hills project.

* Our Operating Income of approximately $4,264,000 for the nine months ended September 30, 2011 is primarily attributable to the increased wind farm development fee revenue which provides high margin of profitability upon revenue recognition. Our operating income for the third quarter increased by approximately $1,019,000 , or 193%, from an operating loss of approximately $529,000 for the quarter ended September 30, 2010 to operating income of approximately $490,000 for the quarter ended September 30, 2011 . The increase in operating income for the quarter is primarily related to the sale of our development rights on the Crofton Hills project although we did see increases in investor relations expenses to heighten exposure of Juhl Wind 's stock and operating expenses associated with the take-over of the Woodstock wind farm during its lower wind production months.

* Our Net Income of $2,419,000 for the nine months ended September 30, 2011 represents a $4,328,000 improvement in the bottom-line from the comparative quarter a year ago. The increase in net income over the nine-month period is largely attributable to the increased revenue sources noted under revenue and operating income sections above. Our net income is impacted by inconsistent revenue patterns of our wind farm development services business as revenue recognition is significantly impacted by the timing of the completion and financing of wind farm projects.

* Basic and fully diluted earnings per share of $0.10 income per common share for the nine months ended September 30, 2011 compares to the $0.10 loss per common share for the comparative nine months ended in 2010.

* As of September 30, 2011 , the Company reported it held approximately $6.0 million in the form of cash and short term investments, which includes approximately $422,000 in balances that are restricted by a debt covenant.

A full analysis of results for the period ended September 30, 2011 is available in the Company's Form 10-Q, which is available on the Company's website at www.juhlwind.com.

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 19 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 the Woodstock Hills wind farm in April of 2011, the Company now owns and operates a 10.2 MW wind farm. Through its Next Generation Power Systems subsidiary ("NextGen'), Juhl Wind also 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. 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 2011 and beyond 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 mentioned herein. New projects are subject to large, third party risks that may not be in control of Juhl Wind including the timing of funding and actual construction. While new wind farms noted from time to time are large-scale construction projects, Juhl Wind may not be the primary contractor for the provision of certain services, as it is in certain of its other projects. These risks are referenced in Juhl Wind 's current 8K or as may be described from time to time in Juhl Wind 's subsequent SEC filings; and such factors as incorporated by reference.

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Monday, October 17, 2011

Wind Keeps Blowing for Juhl Wind (OTC:JUHL)

Wind Keeps Blowing for Juhl Wind (OTC:JUHL)Eagle River, WI 10/17/2011 (PennyPayDay) – Juhl Wind, Inc. (OTC:JUHL), a provider of Community Wind Power, today announced, in a press release, the recent startup of construction on the GL Wind LLC wind power system located in Lewiston, Minnesota. Juhl Wind is serving as the developer and construction manager for the community wind farm estimated to cost approximately $10 million.

"The GL Wind project represents the 7th community wind project we have constructed in the past 2 years," stated Corey Juhl, Vice President of Development for Juhl Wind, Inc. "We think this level of activity is pretty much unmatched in the industry and is a direct result of the vast experience and credibility of our Juhl team. We are extremely proud of this track record and of our service to such important clients like Gunderson Lutheran."

GL Wind LLC is a community wind partnership made up of Gundersen Lutheran Hospital and a local investment partner. Juhl Wind has been working with GL Wind LLC for the past year and a half to move the project through the various development stages in order to get to the construction phase. The GL Wind system will utilize two Clipper Windpower C96 wind turbines with a nameplate capacity of 2.5 MWs each.

The turbines will be operated at a combined capacity of 4.95 MW in order to meet distributed generation requirements established by MISO. Juhl is coordinating contractor activities, turbine supply and commissioning during the construction phase. Once completed, the GL Wind system is expected to generate approximately 14 million clean energy kWhs per year.

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Tuesday, August 16, 2011

Juhl Wind (OTC:JUHL) Reports Six Month Revenue of $7.7M and Profits

Juhl Wind (OTC:JUHL) Reports Six Month Revenue of $7.7M and ProfitsTomahawk, WI 8/16/2011 (PennyPayDay) – Juhl Wind Inc. (OTC:JUHL) today announced, in a press release, its results for the second quarter of 2011. Revenue for the first six months of 2011 was $7,678,000 compared to $2,303,000 for 2010, or an increase of $5,375,000, or 233%. Revenue for the second quarter 2011 was $1,087,000 compared to $668,000 in the second quarter of 2010, or an increase of 63%. JUHL is also under an e-mail promotion campaign initiated yesterday by a third party investor.

Basic and fully diluted earnings per share of $0.09 income per common share for the six months ended June 30, 2011 compares to the $0.07 loss per common share for the comparative six months ended in 2010.

"We are obviously, very pleased to file our 10Q for the second quarter of 2011 where we continued to build upon our success from the first quarter, again delivering strong financial results," stated Dan Juhl, Chairman and CEO of Juhl Wind Inc. "As we have been reporting to the market, the first half of this year saw us wrapping up construction on key wind farms as well as pulling together the permanent, take-out financing on others. These efforts produced over $7.5 million in revenue for the six months and brought in a net $3.6 million in cash within the six months followed by another $1.25 million in August. As a result, today we ended the quarter with over $5 million in cash on our balance sheet. All in all, we are very proud of those results."

"We believe that our financial performance in the first half of 2011 continues to underscore just how much our team has accomplished in the past couple of years, with the successful ongoing development and construction of seven wind farm projects," added John Mitola, President of Juhl Wind Inc. "With over $5.7 million in cash on our balance sheet as of today's press release, we know we enjoy one of the most solid balance sheets in the wind industry amongst independent developers, owners and operators. This cash puts us in a position of strength to implement the growth initiatives we laid out in our first quarter outlook conference call."


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Friday, April 8, 2011

Juhl Wind (OTC:JUHL) Highlights Recent Conference Call

Juhl Wind (OTC:JUHL) Highlights Recent Conference CallOxford, MS 4/8/2011 (Penny PayDay) -- Juhl Wind, Inc. (OTCBB:JUHL) announced, in a press release, that it held its 2010 Earnings Call and 2011 Outlook on Monday, April 4th and on Tuesday the Company is provided a summary of the highlights from the call. The call was hosted by Juhl's President, John Mitola and its Chief Financial Officer, John Brand. As I write, shares of Juhl Wind were flat at $1.30 per share on volume of more than 17,000 shares compared to its average daily volume of nearly 9,000 shares. The company has a market cap of $28 million and a 52-week range between $0.70 and $2.15 per share.

"Its very significant for our investors to note that we believe our company has completed more work on wind farms over the past year and a half than any other independent, publicly traded wind development company in the United States," stated John Mitola. "When you consider the fact that we have built or are in the process of completing six wind farms over this past year or so, totaling approximately $150 million in value, we think that level of activity is unmatched in the market."

"In the management discussion and analysis section of our 10K, we highlighted our subsequent events and reported that we received cash deposits in March of approximately $2.5 million," added John Brand. "These deposits exclude the receipt of $1 million we received in March from an advance of the sale of our development rights to a 40MW project, and we expect to receive an additional $1.8 million in April 2011 as a last installment on the Adams and Danielson projects. A substantial portion of our development fee revenues are going to be recognized in first and second quarters of 2011 since our revenue recognition accounting policy on this fee revenue essentially has us recording these fees upon the financial closing of a project. Thus, we expect approximately $5 million of development fee revenue will be recorded in the first and second quarters."

To date, the Company has completed 18 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.

Additional information is available at the Company's website at www.juhlwind.com.

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