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NovaSource Power Services completes acquisition of First Solar’s O&M business

Written by: Leonard Parker | Solar News | 31st March

First Solar completed the previously announced sale of its North American O&M business to NovaSource Power Services on March 31. With the sale, approximately 270 First Solar O&M associates joined NovaSource, a portfolio company of Toronto-based equity firm Clairvest Group.

The acquisition makes NovaSource the largest O&M provider globally, the company stated in a press release. Novasource also acquired SunPower‘s O&M business in 2020 and merged with the national solar maintenance service SunSystem Technology in January. NovaSource operates in nine countries, including the United States.

News item from First Solar