SOURCE: juwi Wind

juwi Wind

February 21, 2012 14:30 ET

juwi Wind Expands North American Footprint Into Canada

Growth Potentials in Several Provinces / Focus on Small and Medium Sized, Community-Focused Projects in the Maritimes, Ontario and British Columbia

BOULDER, CO--(Marketwire - Feb 21, 2012) - juwi has expanded its North American footprint into Canada continuing juwi's worldwide growth and expansion efforts. juwi Wind Canada LTD, a wholly owned subsidiary of the juwi Group, is focused on all aspects of wind project development from site identification to finance, construction and operations. juwi also brings capabilities for long term ownership and operation along with a 16 year history of successfully partnering with communities and financing renewable energy projects around the world.

"The Canadian market is a natural fit for juwi. We see strong growth in several provinces for projects less than 50 megawatts. Small and mid-sized projects like these can be more closely integrated with the local communities which the projects serve. juwi has developed and built over 800 megawatts of wind projects almost exclusively in these small to mid-project sizes and they've been colored with strong community involvement, engagement, and community investment," stated Michael Rucker, CEO of juwi Wind Canada.

juwi Wind Canada is actively looking for development partners and projects which could benefit from juwi's financial strength and development expertise, so to help realize the projects and maintain their financial health through long term ownership and operation.

juwi's diversification strategy in North America also allows investment in projects that are not subject to the uncertainty of USA Production Tax Credit (PTC) extension. "Lack of a long-term, stable policy in the USA will deny jobs and other benefits to US communities if the US PTC is not extended soon. We are pleased that Canadian policymakers have taken a longer-term view to their benefit," stated Rucker.

As part of entering the market, juwi has joined the Canadian Wind Energy Association (CanWEA) and is initially focusing its efforts in small and medium sized, community-focused projects in the Maritimes, Ontario and British Columbia.

juwi's North American headquarters are in Boulder, Colorado, USA.

The juwi group

juwi is one of the world's leading specialists for renewable energies with a strong regional presence. Our goal: 100 percent renewable energies. Our impetus: Work together to implement renewable energies economically and reliably with passion. From site selection to planning, construction and financing up to management -- juwi is the competent partner for the energy transition with a regional focus.

Besides solar, wind and bio energy, company activities include hydropower and geothermal energy as well as Green Buildings and E-mobility. juwi was founded in 1996 by Matthias Willenbacher and Fred Jung in Rhineland-Palatinate. Today, the company employs more than 1,700 people in 15 countries and had an annual turnover of more than a billion Euro ($1.32 billion US) in 2011.

Up to date, juwi has constructed around 525 wind turbines with an output of around 920 megawatts; in the solar sector more than 1,500 solar power plants with a total output of around 950 megawatts. These plants generate approx. 3.5 billion kilowatt hours of green energy per year; this corresponds to the annual power consumption of approx. a million households. For the realization of these projects juwi has initiated an investment of more than four billion Euro.

juwi is one of Germany's best and most sought-after employers. In 2011, the company was among the Top 20 (in the category 501 to 2,000 employees) in the renowned competition organized by the "Great Place to Work Institute." The juwi group has offices in Germany, France, Italy, Spain, the Czech Republic, Greece, Poland, Bulgaria, Great Britain, India, Singapore, South Africa, Chile, the USA and Costa Rica. In Germany, juwi has subsidiaries and regional offices in twelve German states.

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