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juwi Group acquires majority stake in Qi Power Limited

juwi AG has acquired a controlling stake in Qi Power ltd, a Brisbane, Australia-based solar firm focusing on hybrid renewable energy systems.
juwi Group acquires majority stake in Qi Power Limited

In a written statement, the company said the combined entity will greatly improve its 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.

Since 2012, Qi Power has been pioneering solar energy for remote power supply, focused on some of the world’s largest renewable energy hybrid systems.

German based juwi, founded in 1996, is the world’s second largest EPC contractor and developer of solar PV projects (1.35GW), Wind (1.5GW) and Bio energy and now has a presence on all six continents.

Under the terms of the deal, Qi Power’s founding directors, Bertus de Graaf and Andrew Drager will remain in their current positions.

“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 for the 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 said.

He went on to say that he is convinced that the latter can be done with lower power costs than ever before. The new Australian team now combines juwi’s global experience and track record with Qi Power’s deep knowledge of the Australian technical and commercial requirements. This enables the company to offer first class solar and wind technologies to industries and consumers in remote areas as well as EPC services to utility scale grid connected projects.

 “We are very enthusiastic about Andrew and Bertus becoming part of the juwi - Qi Power team and becoming the driving force of our business in Australia-Pacific,” Roth-Deblon said.

Andrew Drager added, “The combination of Qi Power and juwi is an exciting opportunity to provide lower cost renewable energy to a region with some of the world’s highest power costs and the best resources of renewables.

"We have been working closely with juwi over the last nine months and have been constantly impressed by their quality of service and expertise, developed over decades. Being united with

juwi also allows us to offer utility scale EPC services for both off-grid and grid connected projects. We are excited to be part of this amazing team and will strive to achieve the juwi vision, 100% renewables,” he said.

Photo caption: Amiram Roth-Deblon, Regional Director Asia Pacific juwi Group

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