SAN DIEGO, July 7, 2020 /PRNewswire-PRWeb/ -- SOLV®, a Swinerton company, was ranked the #1 Affiliated Service Provider in the North American operations & maintenance (O&M) market for a fourth year in a row according to a new report by Wood Mackenzie, a global energy research and consulting group.
In its Global Solar PV Operations & Maintenance 2020 report, Wood Mackenzie segments participating companies into nine groups: service providers, which includes Independent Service Providers (ISPs) and Affiliated Service Providers (ASPs); Developers; Power Purchase Agreement (PPA) or Lease Providers; EPC Firms; Independent Power Producers (IPPs); Inverter Manufacturers; Independent Power Producers (IIPs); Utilities; and Module Companies.
At EOY 2019, SOLV managed 5,130 MW of PV assets, earning the company a #2 ranking in the global Service Provider category and a #4 ranking among O&M vendors globally in any category. A division of leading solar EPC, Swinerton Renewable Energy, SOLV provides O&M services to both affiliated and third-party plants in North America. Today, SOLV's portfolio includes more than 6,200 MW in 26 states.
"SOLV offers a comprehensive array of O&M services that PV project owners trust to maximize production on their utility and commercial solar sites," said Reegan Moen of SOLV. "As our portfolio continues to expand into new states, so does our commitment to providing our clients with industry-leading monitoring and management solutions backed by a growing team of nationwide solar technicians. We look forward to strengthening our partnerships in the North American solar market."
Wood Mackenzie predicts that global solar PV additions will peak in 2025 rather than 2020. This finding presents a significant shift from the previous forecast, a result of the Covid-19 pandemic. However, the overall delay is predicted to have limited effects on operations due to record levels of installations in the U.S. utility-scale segment as the industry looks ahead to the upcoming ITC step-down.
About SOLV®
SOLV brings unmatched value to our renewable energy clients. The SOLV solution includes SMART monitoring, data analytics, asset management support, SCADA and NERC solutions. Ranked one of the top global O&M service providers, SOLV manages over 6 GW of renewable energy assets in North America. SOLV is backed by Swinerton, a 130-year-old construction company and Swinerton Renewable Energy, ranked the #2 solar contractor in the U.S. in 2019.
SOURCE Swinerton Renewable Energy
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