M&A Deal Summary |
|
|---|---|
| Date | 2022-10-04 |
| Target | First Solar - Australian O&M Business |
| Sector | Renewable Energy |
| Buyer(s) | NovaSource Power Services |
| Sellers(s) | First Solar |
| Deal Type | Divestiture |
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NovaSource Power Services is a provider of solar operations and maintenance (“O&M”) services to utility, commercial, industrial, and residential customers, with over 20GW of solar assets under management. NovaSource operates a global footprint with a presence in North America, South America, EMEA, Asia, and Australia. NovaSource Power Services is based in Austin, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector: Renewable Energy M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 2 of 2 |
| Country: Australia M&A | 1 of 1 |
| Year: 2022 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-05 |
Heliolytics
Toronto, Ontario, Canada Heliolytics is a provider of photovoltaic aerial inspections and advanced site data services to empower the next generation of solar. Heliolytics was founded in 2014 and is based in Toronto, Canada. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-06 |
Heliolytics
Toronto, Ontario, Canada Heliolytics is a provider of photovoltaic aerial inspections and advanced site data services to empower the next generation of solar. Heliolytics was founded in 2014 and is based in Toronto, Canada. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1999 |
| Sector | Renewable Energy |
| Employees | 8,100 |
| Revenue | 4.2B USD (2024) |
First Solar is a global provider of solar energy solutions, focused on providing power solutions across various market segments. The Company designs, manufactures and sells photovoltaic solar modules with an advanced thin-film semiconductor technology and the Company develops, designs, constructs and sells PV solar power solutions that primarily use the solar modules it manufactures. Additionally, First Solar provides operations and maintenance services to plant owners that use solar modules manufactured by the Company or by other third-party manufacturers. First Solar was incorporated in 1999 and is based in Tempe, Arizona.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 9 |
| Sector: Renewable Energy M&A | 8 of 8 |
| Type: Divestiture M&A Deals | 8 of 8 |
| Country: Australia M&A | 1 of 1 |
| Year: 2022 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-25 |
PlantPredict
United States PlantPredict is a sophisticated predictive solar energy modeling tool that was developed by First Solar for utility-scale PV applications. Easy to use, with advanced modeling options, PlantPredict reduces energy delivery uncertainty by generating rigorously field-verified energy predictions. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-12 |
Evolar
Uppsala, Sweden Evolar is a focused on developing solutions, including manufacturing equipment, for commercializing a tandem solar technology utilizing perovskite thin films. Evolar was founded in 2019 and is based in Uppsala, Sweden. |
Buy | $38M |
