GreenHunter Energy Added to Global Wind Energy Index

GRAPEVINE, Texas, July 1 /PRNewswire-FirstCall/ -- GreenHunter Energy, Inc. AMEX: GRH announced today that it has been included in the ISE Global Wind Energy Index, which is the first global wind index to provide a benchmark for investors interested in tracking public companies that are active in the wind energy industry. Eligibility to be included in the index is limited to those companies that are actively engaged in the wind energy industry, such as the development or management of a wind farm or the production or distribution of electricity generated by wind power. To date, only 53 companies worldwide have been included in the index.

GreenHunter Energy, Inc. AMEX: GRH is a publicly-traded portfolio company of renewable fuels and power businesses. Founded in December, 2006, GreenHunter Energy was formed to be the first publicly traded renewable energy company based in the U.S. that provides to investors a portfolio of diversified assets in the alternative energy sector. Our mission is to develop, acquire, and operate profitable renewable power and fuels assets.

Our primary assets include the country's largest biodiesel refinery at 105 million gallon per year, a 700,000 barrel bulk liquid terminal operation, and a 200 million pound per year glycerin refinery, all of which are located on our Renewable Fuels Campus, on the Houston Ship Channel in Houston, TX. Commercial operations commence in June, 2008. GreenHunter Energy currently has ownership interest in wind energy projects under various forms of development located in the states of Montana, California, Texas, New Mexico, and China. Further, GreenHunter executed a landmark master turbine supply agreement with a Chinese manufacturer of wind turbines: MingYang Wind Power Technologies. This agreement allows GreenHunter to potentially purchase more than 900 Mw of new capacity for wind projects to be developed between 2008-2012 in North America. Finally, GreenHunter Energy also owns an 18.5 Mw biomass project located in the Imperial Valley of Southern California and has a 15-year power purchase agreement with Southern California Edison.