1. Home
  2. Business & Finance
  3. GOLDBECK SOLAR acquires GP JOULE PV North America – EQ Mag Pro
GOLDBECK SOLAR acquires GP JOULE PV North America – EQ Mag Pro

GOLDBECK SOLAR acquires GP JOULE PV North America – EQ Mag Pro


GOLDBECK SOLAR Group and the GP JOULE Group announce that GOLDBECK SOLAR has taken over 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. is.

With this acquisition, GOLDBECK SOLAR is expanding its position on the American continent to complement the teams in Chile and Mexico.

The purchase includes taking over the entire GP JOULE EPC NA team and using the local brand for a limited period of time. “Our new local team and their expertise are the basis for this strategic step. They understand the culture and the peculiarities of the market, and with the resulting synergies we will be able to improve what we offer to 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. A culture fit was also a requirement, and now we look forward to growing together in Canada and the US in the future.”

Stronger growth planned in North America

“The takeover is the next step in GOLDBECK SOLAR’s growth strategy.

After investing in a portfolio of projects in Canada at the beginning of the year, we want to develop and build more solar systems 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 company in North America in GOLDBECK SOLAR,” says Ove Petersen, co-founder and CEO of GP JOULE. “We are putting our EPC business in Canada and the USA, which has developed excellently in recent years, in good hands and can focus even more on our growth in Germany and Europe.”

About GP JOULE PV in North America

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 rack systems. With more than 200 MWp of projects built in Canada and the northern US states over the past decade, GP JOULE EPC NA specializes in serving utilities and customers in the C&I segment. Founded in 2011, the company is headquartered in Toronto, ON with a presence in Calgary, AB since 2016 and most recently an office in Halifax, NS in 2022. Its US satellite office is located in Los Gatos, CA.

About the GP-JOULE group

Founded in 2009 with the conviction that 100 percent renewable energy supply is feasible, GP JOULE is now a system provider for integrated energy solutions from sun, wind and biomass as well as a partner at the supply level for electricity, heat, hydrogen and electromobility. GP JOULE is thus 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 recipient of the Schleswig-Holstein Business Environment Award 2019 and the German Renewables Award 2020.

Anand Gupta Editor - EQ Int'l Media Network