Juhl Wind Inc. has announced the recent execution of various agreements to provide the construction financing and planned permanent financing for the Adams and Danielson wind projects located in Meeker County, Minn.
The projects are worth approximately $86 million in total value. In addition to acting as the developer of the projects, Juhl will also provide construction oversight. Construction is planned to begin shortly and to be completed in a few months, according to the company.
Juhl Wind first announced the development of these projects less than one year ago when it secured the 20-year power purchase agreements with Xcel Energy.
The Adams and Danielson wind farms consist of a locally controlled limited liability companies made up of Meeker County residents and institutional financial partners.
SOURCE: Juhl Wind Inc.