Mr. Juhl: Juhl has been involved primarily in wind energy for 30 years, since 1978, and has been involved in all aspects of it, designing, building machines, developing, and the politics of it. About two years ago, we decided that we were going to go public, and so Juhl Wind is a publicly traded company. And we primarily focus on the development of community-based wind projects, where we help farmers and small business people and communities build and own commercial-scale wind farms.
TWST: You currently have about 13 farms in operation. Would you tell us the nature of those projects and the types of customers you're serving with them?
Mr. Juhl: They are all community-based projects. You can take any one of them - Bingham Lake, Eastridge, or Westridge - there's a local ownership piece of it, and then we bring in an equity partner. In the past, because the way the tax credits were set up, you had to bring in an equity partner that had an appetite for the tax credits. And then once the equity partner hits the target rate of return, the ownership structure flips to the local owners. That's historically the way we've done it in the past. Now with the U.S. grant, it's a little bit different because you don't have the same appetite for tax values of the deal, because now it's a grant. And so it's a little different financing mechanism for the projects we're putting in the ground now; although, the last launch we just finished, the equity partner opted for the PPCs instead of the grant, so it depends on who that is.
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