May 21 (Bloomberg) -- Juhl Energy Inc., the Pipestone, Minnesota-based renewable-energy developer, acquired two 1.65-megawatt wind farms in Canada, its first projects outside the U.S.
The wind farms are being developed under an NB Power program that lets independent energy producers sell electricity to the provincial utility through long-term contracts, Juhl said in a statement today.
Juhl purchased the TerraRidge and TerraVista projects in western New Brunswick from Terravis Wind. Terms weren’t disclosed. Financing for both wind farms is expected to be completed by the third quarter and construction will start in the fourth quarter, according to the statement.
Juhl “is actively seeking to partner with or acquire mid-stage wind project developments” that fit the company’s growth strategy in North America, Corey Juhl, vice president of development, said in the statement.
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