in News Departments > New & Noteworthy
print the content item

Pipestone, Minn.-based Juhl Energy has acquired two Terravis Wind projects, located in western New Brunswick, Canada.

According to Juhl Energy, the projects are being developed under NB Power's embedded generation program, which is designed to allow independent power producers to sell electricity to the NB Power distribution system at a fixed, stable price and under a long-term contract.

The deal represents Juhl's first acquisitions outside the U.S. A purchase price was not disclosed.

"The NB Power embedded generation program is a perfect fit for what we are doing here at Juhl Energy," says Corey Juhl, vice president of development. "To date, we've successfully developed and installed eight small, utility-scale projects that have a nameplate capacity under five MW. As such, we understand the unique challenges that come with developing, constructing, and financing these smaller-sized projects. Given our experience, we believe we are well positioned to take advantage of this very large sector in the wind energy marketplace."

According to Juhl, the two projects have successfully secured interconnection and power purchase agreements with NB Power and are currently in the final stages of development. Juhl Energy expects to secure and finalize project financing by the third quarter of 2013 and commence on-site construction activities by the end of this year.


Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965