DLA Piper Advises First Solar in Sale of O&M Business to NovaSource Power Services

8/13/20

DLA Piper is representing First Solar, Inc. in connection with its pending sale of First Solar’s North American Operations and Maintenance Business to NovaSource Power Services, a portfolio company of Toronto-based private equity firm Clairvest Group Inc. The sale is for an undisclosed amount.

First Solar is a leading global provider of comprehensive photovoltaic (PV) solar solutions, which use its advanced module and system technology.

The DLA Piper deal team, led by partner J.A. Glaccum (Houston and Washington, DC), included partners Paolo Morante, Drew Young (both of New York), Julia Kovacs (Washington, DC), Cathryn Le Regulski (Northern Virginia) and Ute Krudewagen (Silicon Valley); of counsel Sanjay Beri (Northern Virginia); senior attorney Susan McCann (Phoenix); and associates Shaked Hoter (Washington, DC) and Sarah Nabors (Houston).

DLA Piper is at the forefront of the renewable energy market. Teams around the world are actively advising sponsors, developers, financiers and regulatory bodies on transactions across the spectrum of renewable energy technologies, including hydro, solar, onshore and offshore wind, energy-from-waste, biomass and biofuels. With more than 1,000 corporate lawyers, DLA Piper helps clients of all sizes execute transactions seamlessly. The firm has been rated number one in global M&A volume for 10 consecutive years, according to Mergermarket.

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