DNV GL, a global consultancy for clean energy projects, has announced today the acquisition of Spanish firm GreenPowerMonitor for an undisclosed sum.
The deal sees DNV GL assume ownership of GreenPowerMonitors global monitoring platform, aligning its portfolio with DNV GLs own to create a partnership serving the monitoring and control needs of more than 5 GW of installed solar around the world.
GreenPowerMonitor will, as part of the acquisition, be given access to DNV GLs global network, while DNV GL will benefit from the expertise of GreenPowerMonitors 56 software experts that serve more than 200 customers globally.
According to DNV GL group president CEO Remi Eriksen, the deal brings together world-leading domain knowledge, technical expertise and digital deliver platforms passed on data-driven monitoring services for solar customers.
DNV GL Energy CEO Ditlev Engel added: "Global installed PV 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."
GreenPowerMonitor CEO Juan Carlos Arevalo stressed that the companys full teams in Barcelona and California will continue to serve existing customers going forward. "This transaction will strengthen our global delivery capabilities and continued technological development."