Insight
NovaSource poised to be the #1 O&M provider following the acquisition of First Solar's O&M business
Report summary
NovaSource Power Services, a portfolio company of the Canadian Clairvest Group, has announced it entered into an agreement with First Solar to acquire its North American O&M business. Following the acquisition, the company will be the #1 O&M provider globally. This announcement comes just a few months after SunPower sold its global O&M business to the same company. SunPower then became NovaSource Power Service in May 2020, while First Solar's transaction is expected to be finalized by the end of 2020.
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