Subsidiary Focused on Smaller Wind and Solar Systems for Farming Operations, Small and Medium-sized Businesses, Municipalities, Other Public Facilities and Residential Applications.
PIPESTONE, Minn., March 1, 2012 /PRNewswire/ — Juhl Wind, Inc. (OTCBB: JUHL), the Leader in Community Wind Power, today announced a newly formed subsidiary, Juhl Renewable Energy Systems, Inc. (“JRES”) to meet the market needs for smaller scale wind and solar systems business. JRES is focused on the sales and installation of Juhl’s on-site renewable energy systems – including Solarbank®, a proven on-site solar system; Powerbank, a simple on-site backup power system; and its newly designed Juhl Windharvester– one of the industry’s most advanced medium scale wind turbines at approximately 35 kW. JRES handles projects from start to finish, including design, sales, financing and service. Juhl plans to provide several financing structures including its ongoing system ownership at customer sites while delivering guaranteed operations and savings to end-user customers.
“With great success over the last two years of developing larger community wind farms, the time seems right to expand our attention to the growing demand in the medium/small business market and residential sector,” stated Dan Juhl, Chairman and CEO of Juhl Wind, Inc. “We are confident the demand for products in this market is there due to the increased interest we’ve received direct from potential customers, as well as a continuous flow of utility rebate and incentive programs. Our move to launch JRES is a natural extension of our offerings because it allows us to capitalize on our years of experience in big wind and renewable energy systems. We may be the only enterprise that is an active player in this market segment with the ability to apply our big system expertise to smaller scale on-site systems.”
“Juhl Wind has played a strong role in making renewable energy more acceptable to government and its utility regulators,” continued Dan Juhl. “Our company has helped several communities achieve higher energy independence, while also working with utilities and their customers to design favorable approaches to expanding the reach of renewable energy. This involvement gives our team a unique knowledge of the needs of both utilities and their customers, and insight into some of the largest market segments in the renewable energy business, including rural farming operations, municipalities, medium/small business and residential consumers. The fact that our company is based in, and operates out of, small, rural communities, gives us a keen understanding of this market.”
The highlights of Juhl Renewable Energy Systems’ Product Line include the following:
Solarbank® – Offering advanced products in regards to technology and system design, the Solarbank® line offers one of the most advanced controlled solar system in the market. Solarbank® allows the customer the assurance and confidence that power will be available when needed most. Additional benefits are the ease of installation, operation, and maintenance; results of several years of improvements to the core design of the system, which has been installed and operating for 6 years.
Powerbank – Juhl’s proven on-site backup power system, offering energy insurance and confidence to customers. Powerbank ensures that power will be available to customers when grid power is at increased rates, or unavailable.
Juhl Windharvester – Another product that uses advanced modern technology combined with years of wind energy knowledge, this system and its performance place it in company with the most advanced medium scale wind turbines in the market. Juhl is able to apply their larger scale wind system experience to this smaller, on-site system, increasing benefits to their customers.
For more information on Juhl Renewable Energy Systems, Inc., call 507-562-8090, or e-mail firstname.lastname@example.org.
About Juhl Wind, Inc.
Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects 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 21 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 Juhl Renewable Energy, Inc. (“JRES”) and Next Generation Power Systems subsidiaries (“NextGen”), Juhl Wind also provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. Juhl Wind is based in Pipestone, Minnesota and 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 877-584-5946 (or 877-JUHLWIN).
For more information, contact
Juhl Wind Investor Relations
Phone: (888) 438-JUHL (or 888-438-5845)
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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,” “plans,” “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 the projects mentioned herein. New projects are subject to large, third party risks that may not be in control of Juhl Wind including the timing of funding and actual construction. 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.