Wednesday, October 5 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Oct 03
Week of Sep 26
Week of Sep 19
Week of Sep 12
Week of Sep 05
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Canada's Omers injects USD 100m into solar O&M provider NovaSource

    August 10, 2022 - SeeNews Renewables


      August 10 (Renewables Now) - The private equity arm of Canadian pension fund Omers has invested USD 100 million (EUR 97.9m) to take a minority stake in NovaSource Power Services, a US-based provider of operations and maintenance (O&M) services to the solar power industry.

      Omers did not specify the size of the acquired stake in its press release on Tuesday.

      NovaSource, a portfolio company of Clairvest Group Inc (TSX:CVG), at present has more than 20 GW of solar assets under management in North and South America, Asia, Europe, the Middle East and Africa (EMEA) and Australia. In the US, the company says it is the largest independent solar O&M provider.

      Following the investment of Omers Private Equity, NovaSource will continue to be majority-owned by Clairvest. The fresh funds will help the O&M firm to further expand its business on a global scale.

      “Omers brings expertise and relationships in the industry which will complement nicely with Clairvest’s deep knowledge in the renewable energy sector,” said Angus Cole, Managing Director of Clairvest.

      At the start of 2022, NovaSource acquired Heliolytics Inc, a Canadian provider of aerial site inspection, site optimisation, and advanced site analysis for solar farms.

      (USD 1.0 = EUR 0.979)


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.