PIPESTONE, Minn., Oct. 29, 2012 /PRNewswire/ -- Juhl Wind, Inc. (OTCBB: JUHL), the Leader in Community Wind Power is pleased to announce that on Monday, October 29th at 2:00 PM, the Obama Campaign will be holding a press conference at the Operations Headquarters of Juhl Wind, Inc. located at 996 190th Avenue in Woodstock, MN.
On Monday, October 29th, former House Minority Leader Matthew Entenza will join Juhl Wind VP of Project Development Corey Juhl, VP of Operations Tyler Juhl and Juhl Wind President John Mitola to stress the importance of the extension of the Renewable Energy Federal Production Tax Credit (PTC) and President Obama's unwavering support of the clean energy sector.
"In my over 25 years in the energy business, I have never seen a more balanced approach to our nation's energy strategy than the Obama administration's," stated John Mitola, President of Juhl Wind. "We are very pleased to welcome Mr. Entenza to the Juhl Wind headquarters to further underscore the need for continued support of Renewable Energy, a critical component of our domestic renewable energy policy and a creator of new domestic job opportunities. We are proud of President Obama's strong ongoing support of the Renewable Energy industry and the need to continue to invest in our clean energy future. For anyone to solely attack the Renewable Energy PTC as a subsidy, they are simply ignoring the hundreds of billions of dollars in subsidies that have been provided to the nuclear, coal, gas and oil industries for decades and continue to this today – and, seemingly are never questioned."
Corey Juhl, Juhl Wind's VP of Project Development added, "We, and several other companies, have argued for Congress to immediately pass legislation to continue the Production Tax Credit for Renewable Energy so we can continue to develop projects that boost the economies of rural America and create real, sustainable jobs."
According to a report published on October 17th, 2012 by the American Wind Energy Association ("AWEA"), 2012 has been a record year for the development of wind power within the United States. The U.S. wind industry has surpassed 50,000 megawatts of electrical power generation capacity, with a total of 4,728 megawatts added this year alone and another 8,430 megawatts in active development throughout 29 states and Puerto Rico.
In addition, AWEA's U.S. Wind Industry Third Quarter 2012 Market Report found that; "the third quarter alone saw the installation of 1,833 megawatts of wind power across 15 states. The top adopter of new installations during the third quarter was Kansas, followed closely behind by Oregon, Texas, Oklahoma, and Nevada. With more than 40,000 wind turbines supplying 51,630 megawatts of renewable energy, the U.S. is now capable of powering some 13 million homes with wind energy alone. That's the equivalent of all of the homes in Michigan, Ohio, Iowa, Colorado, and Nevada."
About Juhl Wind, Inc.
Juhl Wind 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 Wind 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 Wind 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. Now, 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 Wind 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.juhlwind.com or by calling (507) 562-8090.
For more information, contact:
Juhl Wind 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 Wind's current expectations about its future results, performance, prospects and opportunities. Juhl Wind 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 Wind and are subject to a number of risks, uncertainties and other factors that could cause Juhl Wind'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 Wind's current 10K or as may be described from time to time in Juhl Wind's subsequent SEC filings; and such factors as incorporated by reference.
SOURCE Juhl Wind, Inc.