Juhl Wind Inc. completed a name change to Juhl Energy, Inc. to more effectively communicate the company's diversification steps taken over the past couple of years.
The new corporate name is intended to more clearly represent the company's focus on its commitment to operate as a diversified, clean energy company alongside its continuing focus on community wind power and small wind and solar energy.
The company has developed over $425 million in wind projects to date.
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. unit. 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) unit 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 owns and operates 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 its unit, 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 and warranty services. Through the company's newest unit, 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.