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Juwi Group acquires majority stake in Australian energy company

The German energy company Juwi AG has announced it has acquired a controlling stake in Brisbane-based Qi Power Ltd
Juwi Group acquires majority stake in Australian energy company

The deal will greatly improve the company’s ability to provide Engineering, Procurement and Construction (EPC) services for solar PV and wind projects in the Australia, New Zealand, PNG and South Pacific regions. Qi Power has been a pioneer in the provision of solar energy for remote power supply focused on some of the world’s largest renewable energy hybrid systems. Juwi AG was founded in 1996 and is one of the world’s largest EPC contractors and developers of solar PV projects.

Qi Power’s founding Directors, Bertus de Graaf (Chairman) and Andrew Drager (Managing Director) will remain Directors of the company which will now have an improved capacity to provide cost-effective solar PV and wind projects to the Australia-Pacific region.

“We have been supporting Qi Power and other Australian enterprises to tap the great renewable energy potential of the continent and provide independence to businesses and energy users” said Amiram Roth-Deblon, juwi’s Regional Director Asia Pacific. “Qi Power and its team offer unique solutions and their years of experience in the Australian mining and power industry enable seamless integration into power systems and processes of remote industries.”

Roth-Deblon is enthusiastic about the new company’s prospects for costs reduction in the region while offering first class solar and wind technologies to industries and consumers in remote areas as well as EPC services to utility scale grid connected projects. The Australia-Pacific region currently has some of the world’s highest power costs but also offers one of the world’s best sources for renewable energy.

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Juwi AG

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