Bureau Veritas has acquired ArcVera Renewables, a specialised provider in finance-grade consulting and technical services for wind, solar, and battery storage projects worldwide.
The move is expected to expand Bureau Veritas’s capabilities, primarily in North America, to support landowners, developers and owners, and investors in delivering their wind and solar farms.
ArcVera Renewables provides customers with advanced technical site and resources assessments, and consultancy during the development and operations stages of utility-scale renewables projects.
The company’s engineers, technical and subject matter experts support clients with risk reduction and ensure optimal asset performance.
Since its inception, ArcVera Renewables has supported 9GW of solar projects in North and South America and has evaluated sites now representing 93,000MW of wind capacity in the US.
ArcVera Renewables delivered revenues of €6.5m in 2023 and is headquartered in Golden, Colorado, Bureau Veritas said.
Bureau Veritas chief executive Hinda Gharbi 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.”
ArcVera Renewables chief executive Greg Poulos added: “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.”