Inspection and certification provider Bureau Veritas has acquired ArcVera Renewables, a provider of finance-grade consulting and technical services for wind, solar and energy storage projects.
The financial details of the deal have not been disclosed by the companies.
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Bureau Veritas aims to enhance its capabilities, particularly in North America, and aid stakeholders in the energy sector in achieving their project goals.
Bureau Veritas chief executive Hinda Gharbi stated: “The acquisition of ArcVera Renewables supports our LEAP | 28 strategy, aimed at expanding our services and strengthening our position as a leader in the renewables and power generation sector.
“ArcVera Renewables has built a reputation for excellence in due diligence and operational verification on renewable projects.
“Their expertise will be a valuable addition to Bureau Veritas’s portfolio of capabilities for energy transition services. I warmly welcome all new colleagues from ArcVera Renewables to Bureau Veritas.”
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By GlobalDataArcVera Renewables offers technical site and resource assessments, as well as consultancy services throughout the development and operational phases of utility-scale renewable energy projects.
Its engineering team and technical experts assist clients in minimising risks and maximising the performance of their assets.
ArcVera Renewables has supported 9GW of solar projects across North and South America.
The company has also played a key role in evaluating sites that now represent an impressive 93GW of wind capacity in the US alone.
ArcVera Renewables chief executive Greg Poulos stated: “We saw how the broad and deep technical prowess of Bureau Veritas would be a powerful catalyst for ArcVera Renewables.
“Since inception, our goal has been to accelerate the clean transformation of the world’s energy sector by delivering trustworthy, valuable, detailed and independent technical analysis for the success of our clients.
“Joining Bureau Veritas is a leap forward in achieving this goal and is likewise transformational for the ArcVera team and its growing global renewable energy client base.”
