NovaSource Acquires First Solar in Australia

NovaSource, a specialist in operations and maintenance services, announces the acquisition of First Solar’s solar assets in Australia.

An expansion strategy

NovaSource Announces Acquisition of First Solar‘s Australian Operations and Maintenance Assets This acquisition is the result of the group’s expansion strategy. Thus, upon his arrival, the CEO of the company aims to become a national and global leader in the field of services.

President of International Operations, Timo Moeller, states:

“We are excited to expand NovaSource’s global fleet into the Australian energy market. Our team is committed to presenting our current and future stakeholders through the APAC region with a higher standard of technical services.”

NovaSource is acquiring approximately 500MW of solar energy production on the Australian continent. With this acquisition, the company now operates and maintains over 20GW of solar power plants in 11 countries.

Development of partnerships

NovaSource is a portfolio company of Clairvest Group. It seeks to develop lasting partnerships with its customers by offering greater value in maintenance. In addition, she is also involved in the design and management of projects.

Clairvest Group is a private equity firm with over $3.2 billion in assets under management. The company invests in 59 different platform companies. Finally, she partners with entrepreneurs to create successful businesses.