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juwi has issued a press release to celebrate its success of 2011 and to increase public participation to make the transfer to renewables from fossil fuels more manageable. Thanks to this, the German company has been able to expand its management structure in a financially difficult climate.
juwi states it has brought together a variety of renewables from wind to solar in order to help towns in Germany to achieve 100% reliability on renewables for their electricity. Private investments, leasing receipts and establishing energy cooperatives has helped communities to come together and do their part.
"We see increasing support for the expansion of renewable energies among people. juwi tries to engage people in all its projects" said Fred Jung, CEO. "This means direct benefits for all people who are directly involved. Public participation also ensures that success and profitability of these projects remain in the region.”
Markus Conrad, mayor of the association of municipalities Wörrstadt, presented the advantages of a decentralized energy supply for municipalities: "Municipalities that own local renewable energy power plants will benefit directly from the energy transition. The proceeds remain in the municipal treasury and are available immediately for further investment. "
juwi’s international portfolio increased last year with three solar free-field plants in the Indian states of Gujarat and Rajasthan - with a total capacity of 18MW. Additional projects in India with a capacity of up to 35MW are planned for 2012. juwi has also dipped its toes in Singapore, South Africa and Chile markets.
juwi expects sales to increase to around €1.5 billion this year: "Despite the announced dramatic cuts of the solar feed-in tariff in Germany, I am confident that we will achieve the sales target. We will focus even more on projects in the solar growth markets of India and Southeast Asia," said Jung. "We are strategically well-positioned with our new office in Singapore. Even the Malaysian and Thai PV markets are extremely interesting. In the medium term, we want to be visibly present in these markets as well.”
Effective July 1, Jung and board members Matthias Willenbacher and Jochen Magerfleisch will be supported by Martin Winter. He will be responsible for corporate finance and corporate accounting and tax as chief financial officer. "We are pleased that Martin, an intelligent and competent person, joined juwi. With his extensive experience in the financial sector and his positive and active personality he will certainly complement us and provide new impetus,” said Jung.
