Juhl Energy has announced the recent acquisition of two wind energy projects located in western New Brunswick, Canada from Canadian developer Terravis Wind. The projects are being developed under NB Power's "Embedded Generation" program, which is designed to allow Independent Power Producers to sell electricity to the NB Power distribution system at a fixed, stable price and under a long-term contract.
The acquisition of the TerraRidge and TerraVista projects, each of which are 1.65MW in size, represents their first two renewable energy projects that will be located outside of the USA. The two projects have successfully secured Interconnection and Power Purchase Agreements with NB Power and are currently in the final stages of development. Juhl Energy expects to secure and finalise project financing by the third quarter of 2013 and to commence on-site construction activities by the fourth quarter of 2013.
