The new company will be involved in all aspects of wind project development in Canada, from site identification to finance, construction and operations.
"The Canadian market is a natural fit for juwi. We see strong growth in several provinces for projects less than 50 MW, said Michael Rucker, CEO of juwi Wind Canada.
"Small and mid-sized projects like these can be more closely integrated with the local communities which the projects serve," Rucker continued. "juwi has developed and built over 800 megawatts of wind projects almost exclusively in these small to mid-project sizes and they've been colored with strong community involvement, engagement, and community investment."
juwi Wind Canada is now looking for development partners and projects which could benefit from its financial strength and development expertise.
juwi's diversification strategy in North America also allows investment in projects that are not subject to the uncertainty of USA Production Tax Credit (PTC) extension.
"Lack of a long-term, stable policy in the USA will deny jobs and other benefits to US communities if the US PTC is not extended soon," Rucker said. "We are pleased that Canadian policymakers have taken a longer-term view to their benefit."
To date, juwi has constructed 525 wind turbines with an output of around 920 MW around the world; in the solar sector more than 1,500 solar power plants with a total output of around 950 MW.
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