French testing and certification company Bureau Veritas has announced the acquisition of Golden-based ArcVera Renewables, a firm specializing in finance-grade consulting and technical services for wind, solar and battery storage projects. This move aims to bolster Bureau Veritas’s presence in the rapidly growing renewables sector in North America.
The acquisition aligns with Bureau Veritas’s LEAP | 28 strategy, enhancing its ability to provide end-to-end solutions for the energy transition. Bureau Veritas supports landowners, developers, and investors in the execution of wind and solar projects. ArcVera Renewables is known for its advanced technical site assessments and consultancy services during the development and operational stages of utility-scale renewable projects.
Since its founding, ArcVera Renewables has supported 9GW of solar projects across North and South America and has assessed projects totaling 93,000 MW of wind capacity in the United States.
“The acquisition of ArcVera Renewables supports our LEAP | 28 strategy, aimed at expanding our services and strengthening our position as a leader in the renewables and power generation sector,” said Hinda Gharbi, CEO of Bureau Veritas. “ArcVera Renewables has built a reputation for excellence in due diligence and operational verification on renewable projects. Their expertise will be a valuable addition to Bureau Veritas’s portfolio of capabilities for the energy transition services. I warmly welcome all new colleagues from ArcVera Renewables to Bureau Veritas.”
“We saw how the broad and deep technical prowess of Bureau Veritas would be a powerful catalyst for ArcVera Renewables,” said Greg Poulos, CEO of ArcVera Renewables. “Since inception, our goal has been to accelerate the clean transformation of the world’s energy sector by delivering trustworthy, valuable, detailed, and independent technical analysis for the success of our clients. Joining Bureau Veritas is a leap forward in achieving this goal and is likewise transformational for the ArcVera team and its growing global renewable energy client-base.”