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Chandler, Ariz, October 4, 2022 /PRNewswire/ – NovaSource Energy Services (“NovaSource” or the “Company”), a global leader in solar operation and maintenance (“O&M”) services and a portfolio company of Clairvest Group Inc. (“Clairvest”, TSX: CVG ) and OMERS Private Equity , the private equity arm of OMERS, has announced the expansion of its international operations. Australia By acquiring the closed First Solar Inc Australia O&M assets September 302022.
The acquisition is part of a global expansion strategy spearheaded by NovaSource’s CEO. Troy Lauterbach. When Lauterbach took over as CEO of NovaSource, he announced his goal to become a national and global leader in renewable O&M services. As part of the mission, Lauterbach named Timo Moller President For international operations. “Timo and I have a long career together and I know he is the right person to lead the global expansion,” said Lauterbach.
Expansion into Australia It will add approximately 500 MW of solar power located on the Australian continent to Novasource’s global fleet. The acquisition reflects NovaSource’s focus on expanding its platform and expanding market growth with a strong renewable energy focus.
“We are excited to expand NovaSource’s global fleet Australia Growing solar market. “Our team is empowered to provide our current and future stakeholders with the highest level of technical service in APAC,” said Moller. Our customers”
NovaSource currently operates and maintains more than 20GW of solar power plants in 11 countries and is a leading operator of battery storage systems.
About NovaSource Energy Services
NovaSource Power Services, a division of Clairvest Group Inc. A portfolio company (“Clairvest”, TSX: CVG), is a global provider of O&M services for renewable energy assets. NovaSource seeks to maintain a world-class culture of safety and integrity by developing lasting partnerships with our customers and team members. As an independent O&M focused company, NovaSource is poised to add value through the design, maintenance and management of our clients’ projects. More information is available at www.novasourcepower.com.
About Clairvest
Clairvest’s mission is to partner with entrepreneurs to help them build strategically significant businesses. Founded in 1987 by a group of successful Canadian entrepreneurs, Clairvest is the largest performing private equity management firm in Canada. 3.2 billion dollars Capital under management. Clairvest invests its own and third parties’ capital in businesses owned and operated by Clairvest Equity Partners, a limited partnership. Under the current management team, Clairvest has launched investments in 59 different platform companies and delivered strong quarterly performance over an extended period.
About OMERS Private Equity
OMERS Private Equity manages investments globally on behalf of OMERS, one of Canada The largest defined benefit pension plans, with C$ 121 billion As in net assets December 31, 2021including approx C $19.6 billion Asset exposure through net private equity investment. with groups new york, London, Toronto And Singapore, OMERS invests in private equity in industries, healthcare, business services and technology, partnering with strong management teams and deploying an unchanging capital base to transform great companies into industry leaders worldwide www.omersprivateequity.com
Source NovaSource Energy Services
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