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Effective September 9, 2022, the GOLDBECK SOLAR Group and the GP JOULE Group announce that GOLDBECK SOLAR has acquired the North American PV EPC branch of GP JOULE and is now the sole shareholder of the two North American companies GP JOULE PV Canada Corp. and GP JOULE PV USA Inc. With this acquisition, GOLDBECK SOLAR expands its position on the American continent in addition to the teams in Chile and Mexico.
The purchase includes the acquisition of the entire GP JOULE EPC NA team and the use of the local brand for a limited period of time. “Our new local team and their expertise are the basis for this strategic move. They understand the culture and the specifics of the market, and the resulting synergies will enable us to improve our offering for customers,” says Joachim Goldbeck, CEO of the GOLDBECK-SOLAR Group. “With our new colleagues, we have a solid foundation to master the opportunities and challenges of the North American market. It was a prerequisite that the corporate culture also fits, and now we are looking forward to growing together in Canada and the USA in the future.”
“The takeover is the next step in GOLDBECK SOLAR’s growth strategy.
Having already invested in a portfolio of projects in Canada at the beginning of the year, we want to develop and build more solar plants in North America over the next three years,” says Constantin Lindenmeyer, Head of Business Development and Strategy at GOLDBECK SOLAR. “We are convinced that we have found the right partner and buyer for our companies in North America in GOLDBECK SOLAR,” says Ove Petersen, co-founder and CEO of GP JOULE. “We are placing our EPC business in Canada and the USA, which has developed extremely well in recent years, in good hands and can focus even more strongly on our growth in Germany and Europe.”
GP JOULE PV Canada Corp. and GP JOULE PV USA Inc. were subsidiaries of the Germany-based GP JOULE Group until September 9, 2022. The vertically integrated EPC company supplies turnkey PV and energy storage power plants with its own single-axis tracking and fixed tilt racking systems. With more than 200 MWp of projects built in Canada and northern U.S. states over the past decade, GP JOULE EPC NA specializes in serving utilities and C&I segment customers. Founded in 2011, the company is headquartered in Toronto, ON, has had a presence in Calgary, AB since 2016, and most recently established a location in Halifax, NS in 2022. Its US satellite office is located in Los Gatos, CA.
Founded in 2009 with the conviction that a 100% renewable energy supply is feasible, GP JOULE is now a system provider for integrated energy solutions from solar, wind and biomass as well as a partner at supply level for electricity, heat, hydrogen and electromobility. GP JOULE is therefore a pioneering company in sector coupling. Around 500 people work for the medium-sized group of companies in Germany, Europe and North America. GP JOULE is the winner of the Environmental Award of the Schleswig-Holstein Economy 2019 and the German Renewables Award 2020.
