We are trying to make better choices about our investments. We don’t believe in the business models of most of the public companies and we wanted to invest in American Made Renewable Energy, so we invested in three wind farms through Juhl Wind, who owns and operates all or part of the wind farms. The sooner we get off carbon based energy the better.
WINONA WIND FARM PROJECT (Blue)
Construction of the 1.5 MW Winona wind farm project (the “Winona Project”) in Winona County, Minnesota, was completed in the third quarter of 2011. On December 7, 2011, the Company announced the official commercial operation date of the Winona Project on December 7, 2011. The Winona 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 Project was developed and constructed by Juhl Energy.
VALLEY VIEW (Red)
The Valley View wind farm project is a 10MW wind farm located in Murray County, Minnesota for the prosecution (the “Valley View Project”).
The construction of the Valley View Project is complete and fully commissioned. The project is owned in conjunction with local farmers who currently have a 1% interest in the project. Upon repayment of the bank debt and payment of a required return to the investors, the project will be owned 70% by the local farmers and 30% by the investors (including Juhl).
WOODSTOCK HILLS (Green)
Woodstock Hills operates a 10.2 megawatt wind-powered electric generating facility near Woodstock, MN. It was placed in service as an operating wind farm on May 1, 1999. It utilizes 17 Vestas V-44 turbines and sells the wind power to Xcel Energy under the terms of a long-term power purchase agreement. The Woodstock Hills wind farm is credited with producing Renewable Energy Credits (REC’s).