juwi acquires Australia's Qi Power

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The German renewable energy group has taken a majority stake in a young energy company that focuses on utility-scale solar PV projects in remote Australian and Pacific regions.

Brisbane-based Qi Power has been developing solar energy for remote power supply since 2012, focusing on some of the world’s largest renewable energy hybrid systems.

Qi Power Chairman Bertus de Graaf and Managing Director Andrew Drager, the company’s founders, will remain at the helm of firm as "the driving force of our business in Australia-Pacific," said Amiram Roth-Deblon, juwi’s regional director for Asia Pacific.

Roth-Deblon added that juwi had "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. 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, adding that the latter could 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, enabling 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, the company said.

"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," added Drager. "Being united with juwi also allows us to offer utility scale EPC services for both off-grid and grid connected projects."

Founded in 1996 in the city of Mainz, juwi is the world’s second largest EPC contractor and developer of solar PV projects. The company has overseen development of 1.35 GW of solar installations, 1.5 MW of wind projects in addition to biomass plants and now has a presence in all six continents.