First Solar completed 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 associates joined NovaSource, a portfolio company of Toronto-based equity firm Clairvest Group.
The acquisition makes NovaSource the largest O&M provider globally, the company stated in a press release. Novasource also acquired SunPower‘s O&M business in 2020 and merged with the national solar maintenance service SunSystem Technology in January. NovaSource operates in nine countries, including the United States.