Financial terms were not made public. Juhl is based in Minnesota and 8030 Companies in Colorado.
The joint venture will operate under the Juhl Wind umbrella and is particularly focused on wind farm assets approaching the 10th year of operation. That is when the federal production tax credit ("PTC") is about to expire. Equipment may then require upgrades and a level of operating care unavailable at the local level or by a large, conglomerate, absentee owner.
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