Consolidated Asset Management Services (CAMS), a privately held company that provides a full range of services to the energy sector, has acquired the US solar operation and maintenance (O&M) business from Belectric Inc. The Belectric portfolio includes 141 operating locations in 11 states.
CAMS has extensive experience in the field of O&M and asset management in the generation of renewable energy and sees this solar O&M transaction as a natural extension of its existing offering. With this acquisition, CAMS continues its strategy to improve its renewable energy footprint and leads the way in providing a full range of services to its customers.
“We are excited to expand our regional presence in the solar industry,” said Greg Bobrow, COO of CAMS. “The acquisition of Belectric complements and further strengthens our existing capabilities and markets in the power generation industry. It integrates seamlessly with the CAMS solution suite, which is geared towards and guided by sustainability. “
CAMS has long made the development of renewable energy sources a priority to both reduce emissions and complement existing electricity generation. Since its foundation in 2007, CAMS has expanded its presence in the generation of renewable energies (wind, solar and battery storage) with a generation capacity of approx. 3,500 MW.
Photo: Belectric’s Landing Page