PIPESTONE, Minn., March 26, 2013 /PRNewswire/ -- Juhl Wind, Inc. (OTCQB: JUHL), a leader in Clean Energy Solutions and Community Wind Power, today announced that it recently completed a name change to Juhl Energy, Inc. to more effectively communicate the Company's diversification steps taken over the past couple of years.
In conjunction with the renaming, Juhl has also launched their new web site which can be found at www.juhlenergy.com and visitors to the Company's previous home page, www.juhlwind.com will be directed to the Juhl Energy site. The new corporate name and supporting web presence is intended to more clearly represent the Company's focus on its commitment to operate as a fully-diversified, clean energy company alongside its continuing dedication to Community Wind and small wind and solar.
"Over the past year, we have expanded into several important segments of the clean energy industry and as such wanted to re-establish our message to our respective market channels that we are not just Community Wind experts but experts across all areas of clean energy," stated Dan Juhl, CEO of Juhl Energy, Inc. "We've developed over $425 million in wind projects to date. As a result, our experience in these markets has allowed us to add complementary services such as full scale energy engineering through our PEC subsidiary, ownership of our own clean energy assets, advanced solar and wind power systems for small business and homes, and day-to-day administration and maintenance services for third-party utility, wind and cell tower assets."
As a nationally-known and respected leader in the Community Wind industry, Juhl will continue to handle all aspects of wind project development such as feasibility studies, construction management, and project financing through its Juhl Energy Development, Inc. subsidiary. Furthermore, the Company has expanded its presence and services available in the renewable, clean energy markets with the creation of the following operating divisions:
Juhl Renewable Assets, Inc. – JRAI is Juhl's independent power producer (IPP) subsidiary focused on ownership and acquisition of renewable energy assets including wind farms, solar systems, biomass, cogeneration, coal to gas conversions and full scale power engineering. Juhl currently own and operate three wind farms – Valley View, Winona and Woodstock Hills. The opportunities to acquire pre-owned wind farms are substantial with over 500 small wind farms currently operating under 50 MW in the U.S. representing over $5 billion in assets.
Juhl Energy Consulting Services – Provides engineering and related services to the power and building systems industries. Juhl Consulting is primarily made up of their wholly-owned subsidiary, Power Engineers Collaborative, acquired in 2012. This division currently provides close to $5.0 million in annual revenue and growing.
Juhl Energy Services, Inc. – Provides a full range of wind Farm operations, management, maintenance & warranty services. Through the Company's newest subsidiary, Juhl Tower Services, Juhl now provides a full range of wind and cell tower services.
Juhl Renewable Energy Systems, Inc. - Small wind and solar systems for homeowners, small/medium sized businesses, farming operations, colleges/other school buildings, municipalities, & other public and residential applications. As new technology continues to surface, this could possibly be the fastest growing segment of the renewable energy industry.
About Juhl Energy, Inc.
Juhl Energy is an established leader in the renewable energy industry with a focus on Community Based Wind Power development, ownership and management throughout the United States and Canada. Juhl Energy pioneered Community-Based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms. To date, the Company has completed 22 wind farm projects and provides operations management and oversight across the portfolio. Juhl Energy services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. With its consolidation of the Valley View, Winona County and Woodstock Hills wind farms, the Company has now invested in and operates 21.7 MWs of wind power through its independent power producer ("IPP") subsidiary, Juhl Renewable Assets, Inc. Through its subsidiary, Juhl Renewable Energy Systems, Inc. ("JRES"), the Company also provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. With its acquisition of Power Engineers Collaborative, Juhl provides a full range of engineering services to the energy industry, building systems markets and heavy industry. Juhl Energy is based in Pipestone, Minnesota and has offices in Chicago, Minneapolis, Madison and Milwaukee. Juhl is traded on the OTCBB under the symbol JUHL. Additional information is available at the Company's website at www.juhlenergy.com or by calling (507) 562-8090.
For more information, contact:
Juhl Energy Investor Relations
Phone: (888) 438-JUHL (888-438-5845)
FORWARD LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Juhl Energy's current expectations about its future results, performance, prospects and opportunities. Juhl Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Juhl Energy and are subject to a number of risks, uncertainties and other factors that could cause Juhl Energy's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements and specifically those statements referring to any specific projects, prospective acquisitions and wind farm assets mentioned herein. These risks are referenced in Juhl Energy's current 10K or as may be described from time to time in Juhl Energy's subsequent SEC filings; and such factors as incorporated by reference.
SOURCE Juhl Wind, Inc.