Consolidated Asset Management Services (CAMS) announced that it has acquired the U.S. solar O&M business of Belectric. The Belectric portfolio includes 141 operating sites in 11 states.
With extensive O&M and Asset Management experience in renewable power generation, CAMS sees this solar O&M transaction as a natural extension of its existing offerings. With this acquisition, CAMS continues to execute its strategy of advancing its renewable energy footprint and leads the way in providing a full range of services to its customers.
“We are excited to grow our regional presence in the solar power industry,” said Greg Bobrow, COO of CAMS. “The purchase of Belectric compliments and further strengthens our existing capabilities and markets in the power generation industry. It integrates seamlessly into the CAMS suite of solutions that are focused on and guided by sustainability.”
CAMS has long prioritized the development of renewable energy resources, both for reducing emissions and supplementing existing electricity generation. Since its establishment in 2007, CAMS has expanded its presence in renewables generation (wind, solar, battery storage) representing approximately 3,500 MW of generating capacity, with offsetting emissions estimated at 8.2 million tons of C02 annually. CAMS brings its existing technical, EH&S, regulatory and other areas of expertise and best practices to efficiently and safely support this solar power generation market.
“Our company and our customers are increasingly focused on the transition of energy generation towards renewable sources,” Bobrow added. “CAMS always looks for ways to support an improved environment while at the same time providing cost savings and creating value for our customers. We at CAMS look forward to a growing marketing presence in the solar energy space.”
News item from CAMS