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:
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