By Greentech Lead
America: Juhl Wind, a community based wind power developer, has
acquired Power Engineers Collaborative, a Midwest engineering firm. Power
Engineers Collaborative will continue to conduct its business under its
industry-recognized name and its management/operations will remain unchanged.
With this acquisition Juhl Wind sees significant expansion
of its base business and an opportunity to offer increased capabilities
throughout the energy industry. Acquisition is expected to add over $4.5
million in annual revenue to Juhl Wind.
“The addition of their business into our organization
brings an expected $4.5 million per year in annual revenue to our base business
along with a host of cross-selling opportunities that we expect will lead to
additional growth at PEC and across all of our subsidiaries,” said Dan
Juhl, chairman and CEO of Juhl Wind.
PEC’s core business includes aiding clients in site
selection, environmental permitting, equipment studies, financing, preparation
of contract documents, bid evaluation, contract awards, preparation of detailed
construction documents, design of auxiliary facilities, engineering services
during construction, and training of operating and maintenance personnel.
The acquisition will help Juhl Wind significantly boost its
ability to grow well beyond Community Wind and into the full range of clean
energy sectors including natural gas, biomass, waste-to-energy,
medium-to-large on-site solar, and support to larger wind farm construction.
“We see this as yet another step toward becoming a
much broader enterprise with a leading position in the clean energy space. As a
result, and of added significance, the expansion of our base services business
with a leading professional services consulting firm allows us to not only
expand our offerings, but also to begin establishing the growth of our
base-line revenue flow from the development side of our business,” said John
Mitola, president of Juhl Wind.
Juhl Wind receives $1.4 million U.S. stimulus grant for Winona
County wind project
Recently, Juhl Wind received approximately $1,413,000
in U.S. Stimulus Grant funds for its recently completed $4.8 million Winona
County Wind Project in Winona County, MN. The U.S. Treasury Department issued grant in
accordance with the American Recovery and Reinvestment Act of 2009. The grant
was used toward payment of construction costs for the project.
editor@greentechlead.com