Clairvest and OMERS-backed NovaSource Power completed the acquisition of the Australian O&M assets of First Solar.

Clairvest and OMERS-backed NovaSource Power, a provider of solar operations and maintenance services, completed the acquisition of the Australian O&M assets of First Solar, a firm that designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. Financial terms were not disclosed. "We are thrilled to expand NovaSource's global fleet into Australia's growing solar market. Our team is energized to present our current and future stakeholders through APAC a higher standard of technical services. The company's global framework, deep knowledge and industry expertise will enable our Australian operations to deliver experienced leadership and long-term value to our customers," Timo Moeller, NovaSource President for International Operations.