Juhl Wind Inc. recently announced the execution of a $10 Million wind project Development Agreement with GL Wind—a wind farm LLC formed by Gundersen Lutheran Hospital.
Gundersen Lutheran Hospital is a leading teaching hospital consistently named among the top 100 in the nation, based in La Crosse, Wisconsin, and serves patients located throughout western Wisconsin, northeast Iowa, and southeastern Minnesota.
The 5MW-sized GL Wind, LLC project will be a community-owned and operated, wind-turbine electrical energy generation facility with an estimated cost of approximately $10 million.
The GL Wind project will be located in Southeast Minnesota and will consist of a locally-controlled LLC made up of Gundersen Lutheran Hospital headquartered in La Crosse, Wisconsin and an equity partner. Juhl Wind Inc. has been assisting Gundersen Lutheran in the development of the project since the Fall of 2009, and will now provide full-scale development and construction oversight services for the project. Juhl is forecasting that the GL Wind Farm is planned to begin construction in the 4th quarter of 2010 and should be completed in 2011. The project will be funded by the GL Wind, LLC.
“We are excited to move forward with Gundersen Lutheran Hospital on this Community Wind project,” stated Dan Juhl, CEO of Juhl Wind. “This project is led by a leading institution, Gundersen Lutheran, in the La Crosse, Wisconsin region and is representative of other projects we see on the horizon for our business. When an institution like Gundersen Lutheran makes a commitment to clean energy and to lead the development of a community wind farm, it makes it so much easier to get a project financed and built. Yet again, this project is very representative of a new model for our small- to medium-sized wind farm business.”
