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United States : JUHL ENERGY acquires PV POWER INC.
Publish Date : 18-Feb-2014
Juhl Energy Inc. has announced acquisition of PV Power Inc., a leading online distributor of solar power systems and solar components to industry professionals, contractors and consumers across the country.
Dan Juhl, chairman and CEO of Juhl Energy, said, "If we want to continue our leadership reputation and role in renewable energy, we have to be active in the consumer and small business sector."
Juhl adds, "We believe that this market is where significant growth and opportunity is obtainable - and, of course, we have to be active in the solar sector, as prices continue to drop and technology continues to advance. We view the purchase of PV Power as a smart and focused expansion strategy based on their success and the fact that they have been operating profitably for the past year. This acquisition is part of our larger diversification strategy, and we expect it to grow considerably with the added exposure of being part of the Juhl Energy portfolio of companies."
Chicago, Illinois based, PV Power Inc. is a solar power components distributor, which specially deals in the sale and distribution of solar panels, inverters, monitors, charge controllers, and solar batteries, among other products.
PV Power assists solar installers in expansion of productivity and efficiency through its self-developed web applications, which allows installers to plan, pitch and buy their solar projects seamlessly by tapping into the PV Power product catalog and automatically generate a competitive system package.
With this acquisition, Juhl Energy and PV Power will launch a line of complete solar power systems.
