DNV GL has acquired GreenPowerMonitor, which provides solar monitoring, control and asset management systems.
The deal allows GreenPowerMonitor to access to DNV GL’s global network.
The company's monitoring systems will help developers, owners and asset managers of large-scale solar plants to optimise the performance of their plants.
DNV GL Group president and CEO Remi Eriksen noted that DNV GL and GreenPowerMonitor is a strategic fit and it can enable in serving their joint customer base with better services than before.
He is also confident that the acquisition can bring in domain knowledge, technical expertise and digital delivery platforms and data-driven services from both sides.
DNV GL Energy CEO Ditlev Engel said: “Global installed PV capacity is expected to triple over the next five years and by 2025 it should be the most economical form of electricity in many regions of the world. By joining forces with GreenPowerMonitor, we will be able to better support the industry in its growth ambitions.
“With 150 solar experts, DNV GL and GreenPowerMonitor together become one of the largest independent solar service providers that support the industry including monitoring and control of 5 GW of solar generation globally.
He also noted that their joint expertise in more than 550 projects in solar due diligence, testing, monitoring and asset management can help them in identifying and reducing risks, offer confidence to investors and push the industry to the next level.
GreenPowerMonitor CEO Juan Carlos Arévalo said: “This is an important milestone and true recognition of our capabilities as a provider of scalable monitoring and control system software for the solar industry.
“This transaction will strengthen our global delivery capabilities and continued technological development, benefitting customers and industry partners, as well as creating interesting opportunities for our employees.
“Our full team in Barcelona, Spain and San Jose, California in the USA will continue to serve our customers even better going forward.”
Image: DNV GL – Energy CEO Ditlev Engel (left) and GreenPowerMonitor CEO Juan Carlos Arévalo (right) shaking hands on the acquisition. Photo: Courtesy of DNV GL AS.