juwi and Asia Green Capital Establish Joint Project Development Company 'Aurora Partners Pte Ltd'
Joint-venture to jointly develop, finance and construct solar photovoltaic projects in South- and South-East Asia / The company’s Headquarters is in Singapore
Asia Green Capital Partners, a renewable energy developer and investment company, and juwi Renewable Energies Pte Ltd, a subsidiary of juwi AG which develops and constructs renewable energy projects globally, have formally established Aurora Partners Pte Ltd, a joint-venture, to jointly develop solar photovoltaic projects across South- and South-East Asia. The focus of the new joint venture company will be to identify and co-develop solar photovoltaic projects across key growth markets in the region such as Indonesia, India, Thailand, Malaysia and the Philippines.
Aurora Partners will combine the global and Asian technical, project development and construction expertise of the juwi group, with the project development strength and financial resources of Asia Green Capital Partners to develop, finance, construct and operate world class solar photovoltaic power generation facilities across the region.
Amiram Roth-Deblon, juwi Regional Director Asia-Pacific, adds: "juwi is excited to partner with Asia Green Capital Partners in developing this solar platform across the region. India and South-East Asia are one of the most exciting PV solar markets and long term potential is enormous. juwi continues to bring global technology innovation to the region that accelerates the growth of solar energy in Asia-Pacific. With Aurora Partners we add additional project funding options and different business models for development partners."
"juwi continues to work on innovative financing structures and different business models by aligning with the right partners to promote the vision to increase the adoption of renewable energy especially in energy deficit countries. Aurora Partners aims to partner with low cost finance options to achieve competitive advantage which will enable faster deployment of renewable energy projects in the region," said Jigar Parekh, Senior Project Finance Manager (Asia-Pacific) of the juwi group.
"The juwi group has been operating in Asia-Pacific since 2010 and has a strong presence in the region with over 400 MW of renewable energy projects completed or under construction across India, Malaysia, Thailand Philippines and Japan," said Amiram Roth-Deblon.
"Asia Green Capital Partners is excited about collaborating with the juwi group in developing renewable energy projects in the region. Aurora Partners will enable Asia Green Capital Partners to leverage its financial strength and project development experience to develop high quality utility-scale solar photovoltaic projects at competitive costs and expand its existing portfolio of clean energy assets in the region," said Edgare Kerkwijk, Managing Director, Asia Green Capital Partners.
Asia Green Capital Partners is a dedicated renewable energy project developer and investment firm with a development portfolio of over 350 MW in South-East Asia and is committed to developing clean energy infrastructure assets in emerging economies in the region.
About the juwi group
juwi is one of the world’s leading companies in the area of renewable energy with a strong regional presence. The company offers project development and EPC services as well as products and solutions for the energy turnaround. Company activities are mainly projects with solar and wind.
Matthias Willenbacher and Fred Jung established the juwi group in 1996 in Rhineland-Palatinate. For almost 20 years, both energy pioneers have been active as Chief Executive Officers (CEO) of the juwi group. Since the end of 2014, Mannheim based utility MVV Energie AG has been co-owner and partner of the juwi-group. juwi has about 1,000 employees worldwide, branches on all continents and is actively engaged in various projects all over the globe. Working together with passion to implement renewable energy economically and reliably is what drives us.
So far, juwi has realized around 800 wind turbines with a total capacity of approx. 1,750 megawatts at more than 100 sites. In the solar segment, more than 1,500 projects with a total capacity of around 1,400 megawatts have been designed and constructed. Combined, these energy systems produce around six billion kilowatt hours of clean energy per year, equalling the annual demand of around 1.5 million German households. Within the past 18 years, juwi has initiated an investment volume of around six billion euros to realize these projects.
Felix Wächter, Press Officer
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