NovaSource Acquires First Solar's North American O&M Business
March 31, 2021
NovaSource Power Services (a Clairvest-backed platform) completed the acquisition of First Solar’s North American operations & maintenance business (First Solar Energy Services), making NovaSource the largest solar O&M provider globally. Clairvest provided incremental equity to support the deal; the transaction transfers First Solar’s North American O&M operations to NovaSource to deepen O&M capabilities across utility, commercial, industrial and residential solar assets.
- Buyers
- NovaSource Power Services, Clairvest Group Inc.
- Targets
- First Solar's North American O&M business (First Solar Energy Services)
- Sellers
- First Solar, Inc.
- Platforms
- NovaSource Power Services
- Industry
- Renewable Energy
- Location
- Arizona, United States
- Transaction Type
- Addon
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