Consolidated Asset Management Services (CAMS) has acquired the U.S. solar operations and maintenance (O&M) business of Belectric Inc., which oversees 141 operating sites in 11 states.
Financial details of the deal were not disclosed. Belectric Inc. is part of the Belectric Group, which recently reported it has constructed and manages about 3 GW of utility-scale solar plants globally.
CAMS told pv magazine USA that Belectric’s U.S. O&M portfolio totals 184 MW.
Headquartered in Texas, CAMS provides a range of services to owners of power generation and oil and gas assets. The company said it considers this solar O&M transaction a natural extension of its existing clean energy offerings.
Since its establishment in 2007, CAMS has expanded its presence in renewables generation, including wind, solar, and battery storage, representing approximately 3.5 GW of generating capacity.
Last year, other U.S. industry stakeholders sold off their O&M businesses, most notably SunPower and First Solar.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
This is a huge pickup for CAMS. Extending that division shows they are growing in the right direction, but I’m curious where there focus is. Is it going to be solar, wind, etc..
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.