Juhl Energy acquired two wind energy projects in New Brunswick from developer Terravis Wind. The projects are 1.65 MW in size each.
Both projects have Interconnection and Power Purchase Agreements with NB Power and are in the final stages of development. The company said it expects to secure and finalize financing by the third quarter of 2013 and begin on-site construction activities by late 2013.
“The acquisition of the TerraRidge and TerraVista projects, each of which are 1.65 MW in size, represents our first two renewable energy projects that will be located outside of the United States,” said Corey Juhl, vice president of Development for Juhl Energy. “As we expand our reach throughout North America, Juhl is actively seeking to partner with and/or acquire mid-stage wind project developments that fit our current growth strategy.”
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