From Main Street Minnesota to Wall Street: Wind Power Pioneer, Juhl Wind, Inc. Goes Public
Americans living in all neighborhoods can now invest in community-based wind farms (Woodstock, MN-June 25, 2008) - Americans no longer need farmland, large acreage or lots of money to invest in wind power. Juhl Wind, Inc, a national leader in Community-based Wind Power development and management is a publicly-traded company. It's shares are posted on the OTC Bulletin Board under the ticker symbol "JUHL".
As oil prices soar and global warming becomes a realistic concern, the demand for renewable energy is on the rise. Wind power is one of the world's fastest growing energy sources, growing an average of 29% annually over the past five years according to the American Wind Energy Association (AWEA). It is only likely to get bigger as the U.S. Department of Energy calls for 20% wind power by 2030. Unlike other electricity sources, wind power requires no fuel and produces no pollution or waste. Best of all, it is inexhaustible. U.S. winds have the potential to generate more electricity in 15 years than all of Saudi Arabia's oil, without being depleted according to the AWEA. Energy.Gov
Wind farms can also have a big economic impact, something Juhl Wind, Inc., has been dedicated to bringing to rural communities for years. Founder, Chairman and CEO, Dan Juhl, developed the nation's first farmer-owned and community-based wind farms. “If we are going to develop wind farms,” said Juhl, “we should do it right and get all the economic benefit out of it that we can by doing it community-based.”
Juhl Wind's “Community Wind” differs from larger, utility owned wind farms by sharing the majority of wind farm ownership with the actual landowners and local communities. Under Juhl Wind's model, farmers or landowners don't simply lease the land to big companies who install and benefit from the turbines. They are investors who also collect a share of the profits, which has the potential to add 30-40% to their income. “It is a commodity that can help farmers diversify their crops without taking much land out of production,” said Juhl. In addition to local ownership, Juhl Wind, Inc. only hires local contractors to work on its projects, which all funnels money back into the local economy.
Juhl Wind, Inc. has developed 11 wind farms throughout the upper Midwest, producing approximately 117 megawatts of wind power. It has another 16 new wind farms in development, which will bring the total megawatts to approximately 517. That is enough to power 155,100 homes at any given time.
Juhl Wind, Inc. is based in Woodstock, Minnesota. Its offices are powered 100% by wind and solar energy. Juhl Wind services every aspect of wind farm development from consultation to full development and ownership. Dan Juhl is a pioneer in wind energy and a renowned national expert on the subject. He has developed more than $100 million worth of farmer and community-owned commercial scale wind farms. Juhl helped initiate legislation supporting renewable energy in his home state of Minnesota and is largely credited with helping make Minnesota the third largest producer of wind energy in the country. “I'm very grateful our company's efforts in the wind industry have proven successful,” said Juhl. ”I am extremely excited about the opportunity to expand our company and community-based approach to harvesting wind. It is a dream come true!”