Consolidated Asset Administration Providers (CAMS) acquires Belectric’s O&M enterprise
Consolidated Asset Management Services (CAMS) announced that it has acquired Belectric’s US solar O&M business. The Belectric portfolio includes 141 operations 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 founding in 2007, CAMS has expanded its presence in the generation of renewable energies (wind, solar, battery storage) with a generation capacity of approx. 3,500 MW and estimated the emissions at 8.2 million tons of CO2 per year. CAMS brings in its existing technical, EH&S, regulatory and other areas of expertise and best practices to efficiently and securely support this solar power generation market.
“Our company and our customers are increasingly focused on the transition from power generation to renewable sources,” added Bobrow. “CAMS is always looking for ways to support an improved environment while saving costs and creating value for our customers. At CAMS we look forward to a growing marketing presence in the solar energy sector. “
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