ConEdison Development (CED), a clean energy business of Consolidated Edison Inc., has acquired three key assets of Minnesota-based Juhl Energy: three operating U.S. wind projects, the company’s operations and maintenance (O&M) business, and a pipeline of wind farms in the Midwest.
CED purchased Juhl Energy’s interest in a portfolio of three operating wind projects in Minnesota and Iowa with a total capacity of 36 MW. In addition, CED now has Juhl Energy’s interest in a pipeline of wind projects totaling roughly 500 MW in the Midwest.
The newly acquired O&M unit currently supports 10 individual projects and associated personnel, says CED.
“This acquisition enables ConEdison Development to expand its footprint in the Midwest region and grow our market share and further elevate our leadership profile in America’s renewables sector,” states Mark Noyes, president and CEO of CED.
Dan Juhl, chairman and CEO of Juhl Energy, adds, “We are very pleased to have completed this transaction with ConEdison Development, and we look forward to continuing our work together with them in the future.”