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Greencells Group

Greencells Group
TypeGmbH
IndustryRenewable energy, photovoltaics, Solar energy
Founded2009
HeadquartersSaarbrücken, Germany
Key people
Fabian Herr
Revenue209.7 M euro (2023)[1]
Number of employees
300
Websitegreencells.com

Greencells Group, based in Saarbrücken, is an internationally active provider of EPC and O&M services for large-scale photovoltaic systems. With a total installed capacity of over 3 GWp, Greencells is the leading EPC service provider in Europe.[2][3]

Company

History

Greencells was founded in Saarbrücken in 2009 and initially specialized in the installation of large-scale photovoltaic systems. In the years that followed, the company developed into an internationally active provider of turnkey EPC (engineering, procurement, and construction) and O&M (operations and maintenance) services for large-scale photovoltaic systems. In 2018, the value chain was expanded to include project development. At the end of 2024, the project development division was successfully sold to a consortium of Davidson Kempner and Nature Infrastructure Capital.

Since 2018, the Zahid Group, one of Forbes ME's Top 100 Family Businesses, has been a strategic investor in the Greencells Group.[4][5][6]

Services

Greencells offers turnkey services in engineering, procurement, and construction (EPC) as well as operation and maintenance (O&M) for solar power plants. The company implements large-scale photovoltaic projects worldwide and supports customers throughout the entire project lifecycle. Construction quality is ensured by, among other things, in-house installation teams at the regional hub in Romania.[7][8]

Locations

Awards

  • Best Issuer SME Green Bonds 2020[11]

References

  1. ^ "EQS-News: Greencells GmbH: Konzernumsatz wächst im Geschäftsjahr 2023 auf 209,7 Mio. Euro; Konzern-EBIT verbessert sich auf 8,3 Mio. Euro (deutsch)" Börse Online, retrieved 1 July 2024.
  2. ^ Greencells Group: Sale of ready-to-build projects expected to generate net cash inflows of well over EUR 25 million in 2022, Wallstreet online, March 22. 2022.
  3. ^ Solarkonzern Greencells – Unbemerkt zum Überflieger, Handelsblatt, September 22, 2021 (in German)
  4. ^ Portrait des saarländischen Solarunternehmens Greencells, Saarländischer Rundfunk, October 19, 2021 (in German)
  5. ^ Saarbrücker Solarfirma zieht es in die Ferne, Saarbrücker Zeitung, July 10, 2020.
  6. ^ Greencells GmbH, Bloomberg, retrieved September 4, 2022 (in German)
  7. ^ Ungeplant zum erfolgreichen Solarunternehmen, Saarländischer Rundfunk, 18 October 2021.
  8. ^ Greencells GmbH, Bloomberg, May 3, 2021.
  9. ^ Spatenstich für die größte Photovoltaik-Anlage im Saarland, Saarländischer Rundfunk, June 4, 2022.
  10. ^ Greencells Locations, Website Greencells, retrieved September 5, 2022.
  11. ^ DGAP-News: Greencells GmbH awarded Best Issuer SME Green Bonds 2020, Börse München, February 2, 2021.

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