{"id":469146,"date":"2021-03-31T16:42:29","date_gmt":"2021-03-31T20:42:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469146"},"modified":"2021-03-31T16:42:29","modified_gmt":"2021-03-31T20:42:29","slug":"first-solar-completes-sale-of-north-american-om-business-to-novasource","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/first-solar-completes-sale-of-north-american-om-business-to-novasource\/","title":{"rendered":"First Solar Completes Sale of North American O&M Business to NovaSource"},"content":{"rendered":"
\n

TEMPE, Ariz., March 31, 2021 (GLOBE NEWSWIRE) — First Solar<\/a>, Inc. (Nasdaq: FSLR), announced the completion of the previously announced sale of its North American Operations and Maintenance (O&M) business to NovaSource Power Services (\u201cNovaSource\u201d) today.<\/p>\n

On closing of the transaction, approximately 270 First Solar O&M associates joined NovaSource. The acquisition makes NovaSource the largest O&M provider globally. NovaSource is a portfolio company of Toronto-based private equity firm Clairvest Group Inc. (TSX: CVG) (\u201cClairvest”).<\/p>\n

\n About First Solar, Inc.<\/strong>\n <\/p>\n

First Solar is a leading global provider of comprehensive photovoltaic (PV) solar solutions, which use its advanced module and system technology. The company\u2019s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar\u2019s renewable energy solutions protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com<\/a>.<\/p>\n

\n About Clairvest<\/strong>
\n
Clairvest\u2019s mission is to partner with entrepreneurs to help them build strategically significant businesses. Founded in 1987 by a group of successful Canadian entrepreneurs, Clairvest is a top performing private equity management firm with over CAD $2.5 billion of capital under management. Clairvest invests its own capital and that of third parties through the Clairvest Equity Partners limited partnerships in owner-led businesses. Under the current management team, Clairvest has initiated investments in 56 different platform companies and generated top quartile performance over an extended period.<\/p>\n\n\n
\n Media<\/strong><\/p>\n

Reuven Proen\u00e7a<\/strong>
\n
First Solar Media
reuven.proenca@firstsolar.com<\/a><\/td>\n

\n Investors<\/strong><\/p>\n

Mitchell Ennis<\/strong>
\n
First Solar Investor Relations
mitchell.ennis@firstsolar.com<\/a><\/td>\n<\/tr>\n<\/table>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

TEMPE, Ariz., March 31, 2021 (GLOBE NEWSWIRE) — First Solar, Inc. (Nasdaq: FSLR), announced the completion of the previously announced sale of its North American Operations and Maintenance (O&M) business to NovaSource Power Services (\u201cNovaSource\u201d) today. On closing of the transaction, approximately 270 First Solar O&M associates joined NovaSource. The acquisition makes NovaSource the largest O&M provider globally. NovaSource is a portfolio company of Toronto-based private equity firm Clairvest Group Inc. (TSX: CVG) (\u201cClairvest”). About First Solar, Inc. First Solar is a leading global provider of comprehensive photovoltaic (PV) solar solutions, which use its advanced module and system technology. The company\u2019s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through … <\/p>\n

Continue reading “First Solar Completes Sale of North American O&M Business to NovaSource”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469146","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFirst Solar Completes Sale of North American O&M Business to NovaSource - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/first-solar-completes-sale-of-north-american-om-business-to-novasource\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Solar Completes Sale of North American O&M Business to NovaSource - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TEMPE, Ariz., March 31, 2021 (GLOBE NEWSWIRE) — First Solar, Inc. (Nasdaq: FSLR), announced the completion of the previously announced sale of its North American Operations and Maintenance (O&M) business to NovaSource Power Services (\u201cNovaSource\u201d) today. On closing of the transaction, approximately 270 First Solar O&M associates joined NovaSource. The acquisition makes NovaSource the largest O&M provider globally. NovaSource is a portfolio company of Toronto-based private equity firm Clairvest Group Inc. (TSX: CVG) (\u201cClairvest”). About First Solar, Inc. First Solar is a leading global provider of comprehensive photovoltaic (PV) solar solutions, which use its advanced module and system technology. The company\u2019s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. 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