ArcVera Renewables is providing independent engineering (IE) services in support of Onward’s 1200MW Global Atlantic solar portfolio acquisition.
ArcVera’s director of solar & storage, global, Kevin Lichtenstein said: “This was a massive, operating utility-scale solar portfolio requiring technical due diligence of seller’s IE reports, designs, equipment, operations and maintenance, historical performance, warranties, budgets, financial models, offtake arrangements, and other parameters.”
ArcVera is rapidly expanding its activities in the solar space through IE services to support transactions from development to operational facilities.
David Simkins, ArcVera director of business development, global said: “The solar services segment is rapidly expanding at ArcVera and, with that, increasing market demand for reliable, independent engineering services.
“There is a strong need for qualified independent engineering teams who have the expertise to manage the myriad details of technical due diligence required at deal-flow pace.”