First Solar the previously announced sale of its North American O&M business to NovaSource Power Services on March 31. With the sale, approximately 270 First Solar O&M employees joined NovaSource, a portfolio company of Toronto-based equity firm Clairvest Group.
The acquisition makes NovaSource the largest O&M supplier in the world, the company reports in a press release. Novasource has also taken over Solar power‘s O&M company in 2020 and merged with the nationwide solar energy maintenance service SunSystem Technology in January. NovaSource operates in nine countries, including the United States.
News item from First Solar