O&M company NovaSource buys aerial inspection firm Heliolytics in a move that bolsters its service offering

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Heliolytics is an aerial inspection company that also performs site analytics. Image: Heliolytics

French operations and maintenance (O&M) company NovaSource Power Services has acquired aerial inspections and site data firm Heliolytics in a move that NovaSource said will strengthen its ability to provide lifecycle services to the renewables sector.

Novasource said the purchase “is highly complementary to NovaSource’s existing O&M portfolio” that currently stands at more than 18GW under management.

Heliolytics provides site optimisation and advanced site analysis. It has more than 100GW of global experience, according to a company media release.

Acquiring Heliolytics will allow NovaSource to enhance its offer to customers by “enabling high-fidelity issue detection, increasing asset energy yield,” said NovaSource CEO Troy Lauterbach.

Toronto-based Heliolytics will continue to operate as a standalone entity and will retain its name, branding and staff.

Rob Andrews, Heliolytics CEO and co-founder, said the acquisition meant the two companies can “scale our existing and new service offerings, while continuing to offer our industry-leading third-party services, to provide more value to customers, globally.”

Read Next

January 19, 2022
Innovative Solar Systems (ISS), a utility-scale solar developer with a 12GW pipeline, has put itself up for sale, as it seeks partners to support the company in its development of ever larger PV projects across the US.
January 19, 2022
Energy major Shell has acquired 100% of PV project developer Solar-Konzept Italia (SKI), taking its solar development pipeline in Italy to around 2GW in the process.
January 17, 2022
Spanish energy company Iberdrola has bet big on the UK market through the acquisition on 17 solar PV projects from Elgin Energy and Lightsource bp, taking the firm’s share of UK solar from 2% to 9% and making it one of the biggest players in the market.
January 12, 2022
German asset manager KGAL Investment Management has acquired a combined 50% stake in renewables developer GP Joule Projects, with the two companies intent on taking advantage of the “immense growth opportunities” of renewables across Europe, and in particular Germany.
January 12, 2022
US solar tracker supplier Array Technologies has completed its previously announced acquisition of Spanish tracker manufacturer Soluciones Técnicas Integrales Norland, S.L. (STI Norland).  
January 10, 2022
The Australian Renewable Energy Agency (ARENA) is providing AU$40 million in funding to support research and development (R&D) that can help Australia reach its ‘ultra-low cost solar’ goal, recently added as a priority under the country’s decarbonisation strategy.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal
Solar Media Events
April 25, 2022
Berlin, Germany