Juhl Wind, Inc. Reports Results for the Twelve-Month Period Ended December 31, 2010

Friday, April 1st 2011
Juhl Wind, Inc. Reports Results for the Twelve-Month Period Ended December 31, 2010

Juhl Wind, Inc. the Leader in Community Wind Power, today announced its results for the year ended December 31, 2010.

“We are very pleased to report our results for the 2010 fiscal year,” stated Dan Juhl, Chairman and CEO of Juhl Wind, Inc. “By adding the bulk of construction on three major wind farms and one of our smaller wind systems to our base wind farm operations revenue, we enjoyed another solid revenue year despite the continued difficult larger economic environment. But, more importantly, those accomplishments have set us on the path to derive significant development fee revenue and profit in the first half of 2011.”

“After making it through a tough period in the general economy, we began to see the fruits of our efforts in the latter half of 2010,” added John Mitola, President. “In the latter half of 2010, we successfully arranged the construction financings required to move forward with our Adams, Danielson and Valley View wind farm projects. In our “Subsequent Events” section of our 10K we have described how that work in 2010 is beginning to produce development/construction revenue and profits in the first half of 2011. As a result, we believe Juhl Wind will be enjoying a relatively strong balance sheet position versus our peers in the wind development and operations business. We believe that puts us in a very strong competitive position going forward.”

“In approximately the past year and a half, Juhl Wind has built or is almost about to wrap up the construction on 6 new wind projects totaling about $150 million in value,” continued Mitola. “And, in the first half of this year we expect to announce the launch of the full-scale development of another approximate 40 megawatt wind farm we hope will be completed in 2011. We believe this level of wind projects to be taken through full-scale development, construction and placed in service is unmatched in the industry and sets Juhl Wind apart from most other independent developers of wind power.”

“Given the unfortunate tragedy in Japan and ensuing problems with the Fukishimu nuclear facility, there is most definitely renewed interest in renewable power,” added Mitola. “Even some of the leaders of the nuclear industry in the U.S. have suggested that this incident will set new nuclear power back another 20 years at the very least. As a result, we expect more calls for wind power throughout the U.S. And, we believe Juhl Wind is uniquely positioned amongst independent developers with our strong market niche in community wind coupled with the growing strength of our balance sheet here in 2011.”

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