Solar O&M company enters the Australian market

• NovaSource Power Services has actually acquired First Solar's O&M assets in the country

NovaSource is a portfolio business of Clairvest Group and OMERS Private Equity, the personal equity arm of the Canadian Pension Fund.

The growth right into Australia adds approximately 500MW of solar energy manufacturing, situated across the Australian continent, to NovaSource's worldwide fleet.

The purchase signals NovaSource's continued concentrate on broadening its platform and also driving continued market development in a strong, renewable energy-focused market, it claimed.

President for International Operations Timo Moeller said: "We are thrilled to expand NovaSource's international fleet into Australia's growing solar market.

" Our team is energized to present our existing and future stakeholders with APAC a greater standard of technological solutions.

" The Firm's worldwide framework, deep knowledge as well as market knowledge will certainly enable our Australian procedures to provide seasoned leadership and also long-lasting value to our consumers."

Currently, NovaSource operates and also preserves over 20GW of solar power plants across 11 countries and also is a leading driver of battery storage systems.