$JUHL News - Juhl Energy Completes $4 Million Acquisition of Two Operating Wind Farms in Iowa

PIPESTONE, Minn., - (http://www.financialnewsmedia.com News Alert) - Juhl Energy, Inc. (OTCBB: JUHL) (the \"Company\"), a leading provider of clean energy solutions and a leader in community wind power development, announced today that the Company has completed its previously announced acquisition of two operating wind farms in Iowa. The $4 million acquisition closed on August 11th, 2014, and the wind projects are now wholly-owned by Juhl Energy. - Acquisition Brings Company\'s Total Owned and Operated Wind Farm Assets to Over $30 Million



The two GE XLE 1.62 MW wind turbines are located in North Central Iowa near the towns of Manley and Kensett. The wind turbines are installed on private farmland approximately 10 miles apart from each other and have been commercially operating since 2011.



\"This transaction underscores our ongoing commitment to building our residual, independent power production business made up of wind farms today and other forms of renewable energy in the future,\" stated John Mitola, President of Juhl Energy. \"We believe that building our asset ownership and operating division, with its predictable revenue and cash flow, is the foundation for the ongoing strength of our Company. These two Iowa projects are representative of the hundreds of projects under 50 MWs -the market sector where Juhl stands head and shoulders above others in its ability to own, operate and maintain such assets.\"



\"The Iowa projects are being acquired with bank financing and our Juhl Renewable Asset, Inc. preferred stock,\" continued Mitola. \"Currently our JRAI Preferred stock is only available to accredited investors who have an existing relationship with the Company. Our JRAI subsidiary is similar to many of the \'yieldcos\' that have recently received attention in the market, and it is paying a 9% yield reliably since inception. Juhl and our JRAI subsidiary now own four wind projects totaling approximately 25 megawatts. We maintain our long-term goal of building ownership capacity and hope to progress to management\'s stated goal of up to 200 megawatts - which would represent energy production assets with an initial installed cost of approximately $400 million. We believe we can get there by adding small projects alongside medium-sized projects one step at a time over the next few years.\"