NovaSource Power Services acquires First Solar’s Australian O&M business

Chandler, Arizona., October 4 April 2022 /PRNewswire/ — NovaSource Power Services (“NovaSource” or the “Company”) is a global leader in solar operations and maintenance (“O&M”) services and a portfolio company of Clairvest Group Inc. (“Clairvest”, TSX: CVG) and OMERS Private Equity, the private equity arm of OMERS, announced the expansion of its global operations to Australia Acquired the Australian O&M assets of First Solar, Inc., which was in September 302022.

The acquisition is part of a global expansion strategy led by NovaSource’s CEO, Troy Lauterbach. When Lauterbach served as CEO of NovaSource, he announced his goal of becoming a national and global leader in renewable operations services.As part of this mission, Lauterbach named President Timo Mueller for international business. “Timo and I have had a long career and I knew he was the right person to lead our global expansion,” Lauterbach said.

Expand to Australia Added approximately 500 MW of solar production to NovaSource’s global fleet, located in mainland Australia. This acquisition demonstrates NovaSource’s continued focus on expanding its platform and driving continued growth in a strong market with a strong renewable energy focus.

“We are excited to expand NovaSource’s global fleet to Australian Growing solar market. Our dynamic team is delivering a higher standard of technical service to our current and future stakeholders through the Asia-Pacific region,” Moeller said. “The company’s global framework, deep knowledge and industry expertise will enable our Australian operations to Provide experienced leadership and long-term value to our customers. “

Currently, NovaSource operates and maintains more than 20GW of solar power plants in 11 countries and is a leading operator of battery storage systems.

About NovaSource Power Services

NovaSource Power Services, a portfolio company of Clairvest Group Inc. (“Clairvest”, TSX: CVG) is a global provider of operations and maintenance services for renewable energy assets. NovaSource seeks to maintain a world-class culture of safety and integrity while building lasting partnerships with our clients and team members. As an independent O&M focused company, NovaSource is poised to deliver greater value in the design, maintenance and management of client projects. For more information, visit

About Clevis

Clairvest’s mission is to partner with entrepreneurs to help them build strategic businesses. Founded in 1987 by a group of successful Canadian entrepreneurs, Clairvest is a top performing private equity management firm with over CAD $3.2 billion or managed capital. Clairvest invests its own capital and third-party capital in owner-led businesses through the Clairvest Equity Partners limited partnership. Under the leadership of the current management team, Clairvest has invested in 59 different platform companies and has achieved top quartile performance over a long period of time.

About OMERS Private Equity

OMERS Private Equity manages global investments on behalf of OMERS, one of which Canadian The largest defined benefit pension plans, of which C$121 billion net worth of or December 31, 2021including approximately $19.6 billion Net private equity investment asset exposure.there is a team New York, London, Toronto and Singapore, OMERS Private Equity invests in industrial, healthcare, business services and technology, deploying an evergreen capital base and partnering with strong management teams to transform outstanding companies into global industry leaders.

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