Juhl Wind, Inc. (JUHL.OB) is an established leader in community-based wind power development and management, focused on wind farms projects throughout the United States and Canada. As a pioneer in developing medium- to large-scale community-based wind farms, Juhl Wind has completed 11 wind farm projects and currently provides operations management and oversight to all farms within the portfolio.
Due to a significant pipeline of new products, Juhl Wind’s revenues are expected to accelerate in the short term. In 2009, the company expects revenues to reach roughly $11 million and anticipates revenues near $16 million in 2010. Central to the development of many of these wind farms will be a reliance on the leasing of lands owned by rural farmers in order to provide placement for the thousands of wind turbines that will be installed.
Community-based wind power is one of the fastest-growing sub-sectors of the renewable energy industry. According to the American Wind Energy Association, new wind power projects installed during 2007 alone accounted for nearly 30 percent of the total new power producing capacity added in the United States during the year. The total amount of electricity that could potentially be generated from wind in the United States is nearly 11 billion kilowatt hours annually, which is equivalent to three times all of the electricity generated nationwide today.
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