Juhl Energy Inc., a Minnesota-based clean energy solutions provider and community wind project developer, has completed its previously announced acquisition of two operating wind turbines in Iowa. The company says the deal totaled $4 million.
The two GE XLE 1.62 MW turbines are located in north central Iowa near the towns of Manley and Kensett. The machines are installed on private farmland approximately 10 miles apart from each other and have been commercially operating since 2011.
‘This transaction underscores our ongoing commitment to building our residual, independent power production business made up of wind farms today and other forms of renewable energy in the future,’ states John Mitola, president of Juhl Energy.