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  • IBI Group Inc. (IBG) has completed the purchase of Peters Energy Solutions Inc.
  • Peters Energy is an Alberta-based consulting firm focused on renewable energy solutions
  • The acquisition complements IBI’s existing energy management business
  • With 1,000 megawatts of new generation projects under contract in Alberta, Peters Energy is at the forefront of solar project development within the province
  • IBI Group Inc. is up 1.86 per cent to C$9.31 CAD per share

IBI Group Inc. (IBG) has completed the purchase of Peters Energy Solutions Inc.

Peters Energy is an Alberta-based consulting firm focused on renewable energy solutions and the environmental, regulatory and economic considerations of planning, designing and delivering green energy solutions.

The acquisition complements IBI’s existing energy management business and augments the firm’s work in sustainable community development.

IBI Group CEO Scott Stewart said he’s pleased to welcome the Peters Energy team to IBI.

“The unique capabilities of Peters Energy will not only allow us to strengthen our client relationships, but also to leverage our skillset in the development of sustainable technologies to advance our energy management offerings — furthering both our technology-driven strategic direction, and our environmental goals to reduce GHG.”

With 1,000 megawatts of new generation projects under contract in Alberta, Peters Energy is at the forefront of solar project development within the province.

In addition to its renewable energy focus, the firm also works in the natural gas sector with both producers and consumers of electricity. Its clients include Canadian, American and European renewable power companies, Indigenous groups, irrigation districts and electric distribution cooperatives.

Peters Energy CEO Joe Peters said he’s excited to join the IBI team to expand the company’s technical capabilities.

“When I reflect on the legacy of Peters Energy, it gives me great pride to have played a role in the rapidly evolving electric utilities industry, and to have made an impact in helping to reduce costs while increasing the industry’s diversity of sources and services.”

IBI Group is a technology-driven design firm with global architecture, engineering, planning, and technology expertise spanning over 60 offices and 2,700 professionals around the world/

IBI Group Inc. is up 1.86 per cent to C$9.31 CAD per share.

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