France-based testing, inspection and certification services provider Bureau Veritas announced today the acquisition of renewable energy technical consultancy ArcVera Renewables, with the transaction aimed at establishing a new stronghold for Bureau Veritas in the North American renewables sector.
Founded by renewable energy veterans Greg Poulos and John Bosche, Golden Colorado-based ArcVera provides finance-grade commercial and technical services for wind, solar and battery storage projects, through its team of atmospheric scientists, engineers, and data analysts, helping clients to reduce risk and ensure optimal asset performance. Services provided by the firm include advanced technical site and resources assessments, and consultancy during the development and operations stages of utility-scale renewables projects.
Greg Poulos, CEO of ArcVera Renewables, said:
“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.”
The transaction forms the latest in a series of acquisitions by Bureau Veritas, following the launch earlier this year of its “LEAP | 28 strategy,” aimed at accelerating growth and performance. According to Bureau Veritas, the acquisition will enable the company to expand its capabilities to support landowners, developers, owners, and investors in delivering wind and solar farm projects, primarily in North America.
Hinda Gharbi, CEO of Bureau Veritas, said:
“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 the energy transition services. I warmly welcome all new colleagues from ArcVera Renewables to Bureau Veritas.”