AUSTIN, Texas, March 31, 2021 /PRNewswire/ -- NovaSource
Power Services ("NovaSource" or the "Company"), a portfolio company
of Clairvest Group Inc. ("Clairvest", TSX: CVG), has closed its
previously announced acquisition and corresponding merger with the
North American operations and maintenance ("O&M") business of
First Solar, Inc. ("First Solar", NASDAQ: FSLR). The combined
business will operate as NovaSource Power Services.
NovaSource is now the largest global solar operations and
maintenance workforce, with over 700 dedicated service technicians
serving the utility, industrial, commercial, and residential solar
markets, as well as EV charging station infrastructure. The
combined resources will provide the solar industry with an
independent market leader focused on enabling the growth of the
renewable energy infrastructure through safe, professional, and
reliable O&M services.
"We're excited to partner with the First Solar O&M team to
make NovaSource the most innovative and best-in-class solar O&M
company in the world. The opportunities that lie ahead to maximize
value for our customers are significant and joining forces will
allow us to build upon each other's strengths and invest in all
areas critical to the business, including digital platforms, field
operations, supply chain, customer service and much more," said
Jack Bennett, Chief Executive
Officer of NovaSource.
"Establishing the market leading solar O&M company as a
truly independent business allows NovaSource to better focus on
maximizing the ROI of our customers' assets," said Troy Lauterbach, President, Chief Growth Officer
of NovaSource. "Clairvest's support should enable us to maintain
our market leadership and deliver the highest levels of customer
satisfaction."
About NovaSource
NovaSource Power Services is a global O&M services provider
for renewable energy assets. NovaSource seeks to maintain a
world-class culture of safety and integrity, while developing
lasting partnerships with our customers and team members. Founded
in 2020, the NovaSource team has worked at the forefront of the
renewables industry for more than 20 years and manages over 16 GW
of residential, commercial, industrial, and utility scale projects.
As an independent, O&M-focused company, NovaSource is poised to
offer even greater value in the design, maintenance, and management
of our customers' projects.
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SOURCE NovaSource Power Services