Germany's energy firm juwi in India

Germany's energy firm juwi in India

 With its presence in 11 countries and annual turnover of around €600 million, it will use the Indian susbidary to cater to Asian demands. Since 1996, juwi has been developing, planning, financing and operating plants and systems that use regenartive energies like wind, solar and bio energy. 

Talking to Deccan Herald, juwi solar Gmbh Managing Director Lars Falck said “India has enormous potential growth in energy sector and it is the most attractive market in Asia. As leading providers, juwi’s opportunities here are outstanding. Our vision is to create 100 per cent renewable energy and superior return on investment.” The company decided to set up its India headquarter in Bangalore because of trained talent pool and proximity to other main players in the sector, Falck added.

Explaining its activities in India, juwi India President Rajesh Bhat said: “We have already got contract to set up and run power facility of 2.5 MW for an utility company in Gujarat. We are also in advanced stage to operate 1.5 MW power plants in Maharashtra & Rajasthan.”

Indian subsidiary’s operations will start with photovoltaic projects and later into wind and bio energy, Bhat said. juwi sees huge opportunity in India as Centre’s National Solar Mission is planning to add 20,000 MW of solar power generation by 2020.

Based on promising conditions in India and juwi’ s rich expertise in renewable energy projects worldwide, Indian subsidiary expects strong growth within two years of its operation. Till date, the juwi group has built more than 1,400 PV systems with total capacity of over 600MW.