DNV GL buys PV Evolution Labs

International certification body DNV GL has sealed a deal to buy US PV technical due-diligence outfit PV Evolution Labs (PVEL).

The acquisition, the value of which was not disclosed, builds of DNV GL's existing portfolio of engineering, technology review, design assistance, and operating asset management services.

California-based PVEL brings a PV laboratory and outdoor test facilities to the tie-up.

"DNV GL is committed to investing in the capabilities and innovation that will facilitate the next stage of growth and confidence in solar," states DNV GL's global energy business chief executive David Walker.

"The lab and field testing capabilities of PVEL complement and enhance our services to our clients who finance, develop and operate PV power plants.

"Combining the expertise of pioneering companies in the power grid, wind and solar industry increases our ability to support the global energy industry in making the transition to a reliable, affordable and cleaner energy future.”

A recent US Federal Energy Regulatory Commission (Ferc) report calculated the global solar power market added 36.7GW of new capacity last year, up 20% on 2012 – for the first time outpacing build-out by the wind industry.

Ferc forecasts 2014 will see solar installations reaching 45-50GWs.