Juwi buys Australia’s Qi Power
German developer Juwi is acquiring a controlling stake in Brisbane-based PV developer Qi Power to expand its engineering, procurement and construction (EPC) services for PV and wind projects in Australia, New Zealand, Papua New Guinea and South Pacific regions.
"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,” says 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.”
Qi Power has been pioneering solar energy for remote power supply since 2012, focused on some of the world’s largest renewable energy hybrid systems, Juwi says.
Qi Power chairman Bertus de Graaf and managing director Andrew Drager will stay in their posts.
Juwi over the past two years has retreated from its German PV business after cuts in government support, and expanded its overseas project development and EPC activities. The Wörrstadt-based group now has a presence in all six continents.