Juhl Wind obtains financing for USD-86m wind projects
(ADPnews) - Oct 13, 2010 - US wind farm developer Juhl Wind (OTC:JUHL) said today it had secured funding for the development of two wind farm projects valued at USD 86 million (EUR 61.7m) in Minnesota.
The company did not disclose details about the obtained financing, but said it considers to start construction works on the projects soon with completion seen in some months. It will also act as a construction manager for the projects.
Juhl said that, together with the recently started Winona County wind project, it will have three projects under construction in 2010. They yield development fee and construction revenue to the company contributing to robust fourth quarter results, Juhl added.