Juhl to buy 260-MW portfolio
Juhl Wind and 8030 Companies formed a joint venture to acquire existing wind farms and additional generating assets in the United States and Canada. Operating under the Juhl Wind name, the partnership expects to buy 260 MW of older wind farms over three years. The company might purchase projectstotaling 60 MW of capacity in 2013 and 100 MW in two subsequent years. The company plans to acquire wind farms smaller than 100 MW and at least a decade old, where equipment needs to be replaced or improved, qualifying the projects to capture production tax credits of 2.2 cents per kWh.