Juhl Wind Inc. has secured a $12.5 million federal cash grant for its recently completed 20 MW Grant County wind project, located near Hoffman, Minn. The grant was issued by the U.S. Treasury Department in accordance with the American Recovery and Reinvestment Act of 2009.
‘The U.S. stimulus funds have helped to pull together the financing for several of our wind farms that we have built or have under construction this year and into 2011 by providing about 30 percent of each project's funding,’ says Dan Juhl, CEO of Juhl Wind.
The proceeds of the grant went toward partial payments of construction financing arranged by Juhl Wind for the community wind project.
SOURCE: Juhl Wind Inc.