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.

Kyocera to build 2.9MW floating PV

01 September 2014 12:28 GMT

Glennmont round raises €500m

01 September 2014 04:34 GMT

Scatec signs up for African projects

01 September 2014 03:57 GMT

Mainstream switches strategy

01 September 2014 12:29 GMT

Shunfeng snaps up Solarstrom

01 September 2014 10:13 GMT

IN DEPTH: The yieldco effect

01 September 2014 09:17 GMT

Sonnedix nabs first Japan PV funds

01 September 2014 04:49 GMT

Chairman Peng out at LDK Solar

29 August 2014 10:34 GMT

China sales fail to help SolarOne

28 August 2014 02:04 GMT

US backs 300MW Myanmar solar

28 August 2014 01:05 GMT

Hareon unveils 600MW solar plan

28 August 2014 05:39 GMT

RET plan to 'smash investment'

28 August 2014 10:08 GMT

IEA warns of RE headwinds

28 August 2014 07:33 GMT

Kepco may build Korea-Japan cable

28 August 2014 06:22 GMT

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine