SINGAPORE & WORRSTADT, GERMANY: The juwi group, one of the leading project developers for renewable energies, enters the Southeast Asian market and thus, further expands its international project business.
The subsidiary ‘juwi Renewable Energies Pte Ltd.’ is currently establishing its headquarters in Singapore, the financial center of Southeast Asia. Prospectively, the company will support costumers and projects in the entire Asia-Pacific region. Currently, the focus is on the Thai and Malaysian PV-markets. In the medium-term, the markets in the Philippines, Indonesia, Japan, Australia and China also offer enormous growth potential.
The first turn key projects in 2012 are planned in Thailand and Malaysia. As in the other geographies, juwi will also develop, finance and operate renewable energy power plants.
“Thailand and Malaysia offer attractive conditions for the PV industry, and 100 percent renewable energies are achievable much earlier than many people are aware of. We are passionate to contribute with our international experience to unlock the enormous potential of renewable energies in the region,” emphasizes Amiram Roth-Deblon, juwi regional director, Asia-Pacific.
Due to the good prerequisites in the ASEAN states and juwi’s extensive international experience in the development and realization of renewable energy projects ‘juwi Singapore’ expects rapid growth. While in many established markets ‘saturation effects’ become visible, Asia has a great backlog demand for renewable energies. Therefore, the activities in Singapore will greatly contribute towards a global sustainable energy supply that current and future generations will benefit from.
The establishment of the Singapore office is a very important step in juwi’s internationalization strategy. Further market entries are currently examined.