Global leader in energy efficient buildings chooses Sydney for Australian headquarters
14 November 2011
A world leader in environmentally-friendly technology for buildings, Schueco, has chosen Sydney for a new Australian base.
Schueco is headquartered in Germany and has operated since 1951 with over 20 years of experience in photovoltaic technology. The multinational is active in 80 countries with 5,250 employees and 12,000 partner companies.
NSW Trade & Investment helped facilitate Schueco's investment in NSW by assisting with access to key contacts and market data and information.
"NSW welcomes Schueco's investment in our State's growing clean energy sector," NSW Trade & Investment Director General Mark Paterson said.
"Schueco plans to use its first Australian office in Sydney as a headquarters to target opportunities in Australia's growing solar power sector.
"Growing popularity for energy efficient building design is being driven by new technologies, stricter standards for building efficiency, and a desire for energy cost savings.
"Attracting new investors like Schueco will help promote Sydney as a modern global city.
"The NSW 2021 strategic plan includes a goal for 20 per cent of NSW energy consumption to come from renewable sources by 2020, and attracting companies like Schueco will help us reach our target.
"Increasing energy efficiency is just one of the ways we will contribute to the national renewable energy target."
Mr Paterson said Schueco has global expertise in the development and implementation of solar system solutions for private homes, industrial and commercial rooftops or open spaces.
Complete systems consist of solar modules, mounting systems, inverters and installation components to achieve high solar power output, cost-effectiveness and reliability. The company is committed to the highest requirements in terms of quality, energy efficiency, security, convenience and design.
Research company IBISWorld estimates that Australia's renewable energy industry revenue will increase by 6.5 per cent per annum until 2016-17 to total $1.9 billion.